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

Shares of Mandalay Resources Corp. (TSE:MND) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$3.84 and traded as high as C$4.88. Mandalay Resources shares last traded at C$4.84, with a volume of 262,573 shares trading hands.

Mandalay Resources Trading Down 1.5 %

The firm has a 50 day moving average price of C$4.54 and a two-hundred day moving average price of C$3.86. The company has a quick ratio of 0.89, a current ratio of 2.00 and a debt-to-equity ratio of 2.46. The company has a market cap of C$313.26 million, a price-to-earnings ratio of 10.42 and a beta of 0.43.

Insiders Place Their Bets

In other Mandalay Resources news, Director Bradford Mills sold 400,000 shares of the company’s 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. 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.