Mandalay Resources (TSE:MND) Shares Pass Above Two Hundred Day Moving Average of $2.27

Mandalay Resources Corp. (TSE:MND – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.27 and traded as high as C$2.46. Mandalay Resources shares last traded at C$2.21, with a volume of 50,098 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets dropped their price target on shares of Mandalay Resources from C$4.00 to C$3.00 in a research note on Monday, January 16th.

Mandalay Resources Price Performance

The stock has a market capitalization of C$204.34 million, a P/E ratio of 6.31 and a beta of 1.40. The stock’s fifty day moving average is C$2.61 and its 200-day moving average is C$2.27. The company has a debt-to-equity ratio of 13.04, a current ratio of 2.26 and a quick ratio of 0.89.

Mandalay Resources Company Profile

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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.