Mandalay Resources (TSE:MND) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Mandalay Resources Corp. (TSE:MND) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.30 and traded as high as C$5.33. Mandalay Resources shares last traded at C$5.24, with a volume of 75,866 shares changing hands.

Mandalay Resources Stock Down 2.6 %

The firm has a 50-day moving average price of C$5.04 and a two-hundred day moving average price of C$4.30. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.89 and a current ratio of 2.00. The firm has a market cap of C$347.04 million, a price-to-earnings ratio of 11.54 and a beta of 0.43.

Insider Buying and Selling at Mandalay Resources

In other Mandalay Resources news, Senior Officer Frazer William Bourchier sold 27,692 shares of Mandalay Resources stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$4.70, for a total value of C$130,152.40. 1.68% of the stock is currently owned by insiders.

Mandalay Resources Company Profile

Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds a 100% interest in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares (ha) located in Central Victoria, Australia; and the Bjorkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Vasterbotten County in northern Sweden.