Mandalay Resources (TSE:MND) Shares Pass Above 200 Day Moving Average – Should You Sell?

Mandalay Resources Corp. (TSE:MNDGet Free Report)’s stock price passed 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 trading hands.

Mandalay Resources Stock Up 2.2 %

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 firm has a market cap of C$434.78 million, a P/E ratio of 11.39 and a beta of 0.43. The firm’s 50 day moving average is C$4.10 and its two-hundred day moving average is C$3.40.

Mandalay Resources (TSE:MNDGet Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.15 EPS for the quarter. The business 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, research analysts anticipate that Mandalay Resources Corp. will post 0.1480392 EPS for the current fiscal year.

Insider Activity

In other Mandalay Resources news, Director Bradford Mills sold 400,000 shares of the firm’s 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. 1.68% of the stock is currently owned by company insiders.

About Mandalay Resources

(Get Free Report)

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.

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