Mandalay Resources (TSE:MND) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Mandalay Resources Corp. (TSE:MND) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.40 and traded as high as C$4.67. Mandalay Resources shares last traded at C$4.67, with a volume of 61,554 shares traded.

Mandalay Resources Trading Up 2.2 %

The stock has a market cap of C$434.78 million, a P/E ratio of 11.39 and a beta of 0.43. The company has a current ratio of 1.77, a quick ratio of 0.89 and a debt-to-equity ratio of 12.67. The business’s fifty day simple moving average is C$4.10 and its 200 day simple moving average is C$3.40.

Mandalay Resources (TSE:MND) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.15 earnings per share for the quarter. The firm had revenue of C$75.43 million during the quarter. Mandalay Resources had a net margin of 13.58% and a return on equity of 14.47%. As a group, analysts expect that Mandalay Resources Corp. will post 0.1480392 EPS for the current year.

Insider Buying and Selling

In other Mandalay Resources news, Director Bradford Mills sold 400,000 shares of Mandalay Resources stock in a transaction on 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. Corporate insiders own 1.68% of the company’s stock.

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.