Mandalay Resources (TSE:MND) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Mandalay Resources Corp. (TSE:MND) crossed 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 trading hands.

Mandalay Resources Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.77 and a debt-to-equity ratio of 12.67. The stock has a market capitalization of C$389.16 million, a price-to-earnings ratio of 10.20 and a beta of 0.43. The stock’s 50-day simple moving average is C$3.97 and its 200 day simple moving average is C$3.32.

Mandalay Resources (TSE:MND) last announced its earnings results on Wednesday, November 6th. The company reported C$0.15 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. Analysts expect that Mandalay Resources Corp. will post 0.1480392 earnings per share for the current fiscal year.

Insider Transactions at Mandalay Resources

In other news, Director Bradford Mills sold 400,000 shares of the stock in a transaction that occurred 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. Company insiders own 1.68% of the company’s stock.

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.