Mandalay Resources (TSE:MND) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Mandalay Resources Corp. (TSE:MND)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.74 and traded as high as C$4.81. Mandalay Resources shares last traded at C$4.79, with a volume of 37,768 shares trading hands.

Mandalay Resources Stock Up 0.8 %

The firm has a 50-day moving average price of C$4.42 and a 200 day moving average price of C$3.75. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.00 and a quick ratio of 0.89. The company has a market cap of C$317.24 million, a price-to-earnings ratio of 10.55 and a beta of 0.43.

Insider Buying and Selling at Mandalay Resources

In other news, Director Bradford Mills sold 400,000 shares of Mandalay Resources stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of C$4.30, for a total value of C$1,720,000.00. Company 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.