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

Mandalay Resources Corp. (TSE:MND) crossed 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.

Mandalay Resources Price Performance

The business’s fifty day moving average price is C$4.54 and its 200 day moving average price is C$3.86. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.00 and a quick ratio of 0.89. The stock has a market cap of C$313.26 million, a P/E ratio of 10.42 and a beta of 0.43.

Insider Activity at Mandalay Resources

In other Mandalay Resources news, Director Bradford Mills sold 400,000 shares of the company’s stock in a transaction dated 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 owned by insiders.

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.