Mandalay Resources (TSE:MND) Stock Crosses Above 200-Day Moving Average of $2.95

Mandalay Resources Corp. (TSE:MNDGet Rating)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.95 and traded as high as C$2.95. Mandalay Resources shares last traded at C$2.77, with a volume of 12,297 shares trading hands.

Mandalay Resources Stock Up 4.9 %

The company’s 50 day moving average price is C$2.82 and its two-hundred day moving average price is C$2.95. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 24.59. The stock has a market cap of C$255.33 million and a P/E ratio of 4.01.

Mandalay Resources (TSE:MNDGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported C$0.19 earnings per share for the quarter. The company had revenue of C$68.60 million for the quarter. As a group, research analysts expect that Mandalay Resources Corp. will post 0.63 earnings per share for the current year.

About Mandalay Resources

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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.

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