Mandalay Resources (OTCMKTS:MNDJF) Trading Up 5.7% – Here’s What Happened

Mandalay Resources Co. (OTCMKTS:MNDJFGet Free Report) shot up 5.7% during mid-day trading on Wednesday . The company traded as high as C$3.93 and last traded at C$3.92. 631,813 shares were traded during trading, an increase of 2,115% from the average session volume of 28,528 shares. The stock had previously closed at C$3.71.

Mandalay Resources Trading Up 5.7%

The stock has a fifty day moving average of C$3.92 and a 200-day moving average of C$3.77.

Mandalay Resources Company Profile

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Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Canada, Australia, Sweden, and Chile. It explores for gold, silver, and antimony deposits, as well as other base metal. The company primarily holds 100% interests in the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Australia; and the Björkdal gold mine covering an area of 12,949 located in Skelleftea, Sweden.

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