Mandalay Resources (TSE:MND) Hits New 52-Week High – Still a Buy?

Mandalay Resources Corp. (TSE:MND)’s share price hit a new 52-week high on Monday . The stock traded as high as C$4.92 and last traded at C$4.78, with a volume of 34532 shares changing hands. The stock had previously closed at C$4.77.

Mandalay Resources Stock Performance

The firm has a market capitalization of C$437.57 million, a PE ratio of 11.46 and a beta of 0.43. The company has a debt-to-equity ratio of 12.67, a current ratio of 1.77 and a quick ratio of 0.89. The stock has a 50-day moving average price of C$4.15 and a 200-day moving average price of C$3.44.

Mandalay Resources (TSE:MND) last announced its earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$75.43 million for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. On average, research analysts expect that Mandalay Resources Corp. will post 0.1480392 EPS for the current fiscal year.

Insider Activity at Mandalay Resources

In other news, Director Bradford Mills sold 400,000 shares of the business’s stock in a transaction that occurred on 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. 1.68% of the stock is currently owned by corporate insiders.

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.