Short Interest in Mandalay Resources Co. (OTCMKTS:MNDJF) Drops By 97.1%

Mandalay Resources Co. (OTCMKTS:MNDJF) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 500 shares, a decline of 97.1% from the February 13th total of 17,500 shares. Based on an average daily volume of 45,200 shares, the days-to-cover ratio is currently 0.0 days.

Mandalay Resources Price Performance

MNDJF stock traded up C$0.05 during midday trading on Friday, reaching C$3.34. The company had a trading volume of 28,137 shares, compared to its average volume of 17,714. The firm has a 50-day moving average price of C$3.17 and a 200-day moving average price of C$2.73. Mandalay Resources has a 1 year low of C$1.08 and a 1 year high of C$3.53.

About Mandalay Resources

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Canada, Australia, Sweden, and Chile. It explores for gold, silver, and antimony deposits, as well as other base metal. The company primarily holds 100% interests in the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Australia; and the Björkdal gold mine covering an area of 12,949 located in Skelleftea, Sweden.