Mandalay Resources (TSE:MND) Stock Passes Above 200 Day Moving Average – Time to Sell?

Mandalay Resources Corp. (TSE:MND)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.32 and traded as high as C$4.25. Mandalay Resources shares last traded at C$4.18, with a volume of 17,904 shares.

Mandalay Resources Price Performance

The firm has a market cap of C$389.16 million, a P/E ratio of 10.20 and a beta of 0.43. The stock’s 50-day moving average is C$3.97 and its 200-day moving average is C$3.32. 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 announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.15 EPS for the quarter. Mandalay Resources had a net margin of 13.58% and a return on equity of 14.47%. The business had revenue of C$75.43 million during the quarter. As a group, equities analysts anticipate that Mandalay Resources Corp. will post 0.1480392 EPS for the current fiscal year.

Insider Activity

In other news, Director Bradford Mills sold 400,000 shares of Mandalay Resources stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$4.30, for a total transaction of C$1,720,000.00. 1.68% of the stock is currently owned by company 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.