Mandalay Resources (TSE:MND) Hits New 12-Month High at $3.50

Mandalay Resources Corp. (TSE:MND)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.50 and last traded at C$3.29, with a volume of 59053 shares traded. The stock had previously closed at C$3.37.

Mandalay Resources Stock Up 1.4 %

The business has a 50-day moving average price of C$2.76 and a 200-day moving average price of C$2.30. The company has a market capitalization of C$325.85 million, a price-to-earnings ratio of 8.54 and a beta of 0.41. The company has a quick ratio of 0.89, a current ratio of 1.77 and a debt-to-equity ratio of 12.67.

Mandalay Resources (TSE:MND) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.25 earnings per share for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. The business had revenue of C$86.27 million for the quarter. As a group, equities analysts anticipate that Mandalay Resources Corp. will post 0.1480392 earnings per share for the current fiscal year.

Insider Activity

In other Mandalay Resources news, Director Abraham Jonker sold 36,124 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of C$2.58, for a total value of C$93,199.92. 1.17% of the stock is currently owned by corporate insiders.

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.