Mandalay Resources (TSE:MND) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Mandalay Resources Corp. (TSE:MND) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.75 and traded as high as C$3.51. Mandalay Resources shares last traded at C$3.38, with a volume of 26,417 shares.

Mandalay Resources Stock Up 1.4 %

The firm has a market cap of C$327.71 million, a P/E ratio of 8.46 and a beta of 0.43. The business’s fifty day moving average price is C$3.32 and its two-hundred day moving average price is C$2.76. The company has a current ratio of 1.77, a quick ratio of 0.89 and a debt-to-equity ratio of 12.67.

Mandalay Resources (TSE:MND) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share for the quarter. The business had revenue of C$75.43 million for 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 anticipate that Mandalay Resources Corp. will post 0.1480392 EPS for the current 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.