Mandalay Resources (TSE:MND) Share Price Crosses Above 200 Day Moving Average of $1.92

Mandalay Resources Corp. (TSE:MND) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.92 and traded as high as C$2.20. Mandalay Resources shares last traded at C$2.17, with a volume of 10,800 shares changing hands.

Mandalay Resources Stock Performance

The company has a debt-to-equity ratio of 14.27, a quick ratio of 0.89 and a current ratio of 2.31. The business has a 50 day moving average price of C$2.23 and a two-hundred day moving average price of C$1.92. The company has a market cap of C$201.90 million, a P/E ratio of 12.06 and a beta of 0.49.

Mandalay Resources (TSE:MND) last released its earnings results on Wednesday, May 8th. The company reported C$0.18 earnings per share for the quarter. Mandalay Resources had a return on equity of 6.97% and a net margin of 7.07%. The company had revenue of C$74.84 million during the quarter. On average, sell-side analysts anticipate that Mandalay Resources Corp. will post 0.1480392 earnings per share for the current year.

About Mandalay Resources

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.