Mandalay Resources (TSE:MND) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Mandalay Resources Corp. (TSE:MND)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.55 and traded as high as C$3.15. Mandalay Resources shares last traded at C$3.12, with a volume of 69,325 shares.

Mandalay Resources Price Performance

The company has a 50 day moving average price of C$3.08 and a 200-day moving average price of C$2.55. The company has a market cap of C$290.47 million, a price-to-earnings ratio of 7.61 and a beta of 0.43. 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 results on Wednesday, August 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. The firm had revenue of C$86.27 million during the quarter. Mandalay Resources had a net margin of 13.58% and a return on equity of 14.47%. As a group, equities research analysts predict that Mandalay Resources Corp. will post 0.1480392 EPS for the current fiscal year.

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.