Mandalay Resources (TSE:MND) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Mandalay Resources Corp. (TSE:MND) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.75 and traded as high as C$3.51. Mandalay Resources shares last traded at C$3.38, with a volume of 26,417 shares traded.

Mandalay Resources Price Performance

The company has a debt-to-equity ratio of 12.67, a quick ratio of 0.89 and a current ratio of 1.77. The company has a 50-day moving average of C$3.31 and a 200-day moving average of C$2.75. The stock has a market capitalization of C$314.68 million, a price-to-earnings ratio of 8.24 and a beta of 0.43.

Mandalay Resources (TSE:MND) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.15 earnings per share (EPS) 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$75.43 million for the quarter. As a group, equities research analysts expect that Mandalay Resources Corp. will post 0.1480392 earnings per share for the current fiscal year.

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.