Mandalay Resources (TSE:MND) Stock Passes Above 200-Day Moving Average of $1.86

Mandalay Resources Corp. (TSE:MNDGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.86 and traded as high as C$2.30. Mandalay Resources shares last traded at C$2.30, with a volume of 34,354 shares.

Analyst Ratings Changes

Separately, BMO Capital Markets decreased their target price on shares of Mandalay Resources from C$3.00 to C$2.50 in a research note on Friday, February 23rd.

Read Our Latest Stock Report on MND

Mandalay Resources Trading Up 0.4 %

The company has a quick ratio of 0.89, a current ratio of 2.31 and a debt-to-equity ratio of 14.27. The company has a market cap of C$213.99 million, a P/E ratio of 12.78 and a beta of 0.49. The firm’s 50 day moving average is C$2.13 and its two-hundred day moving average is C$1.86.

Mandalay Resources (TSE:MNDGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.18 EPS for the quarter. The business had revenue of C$74.84 million for the quarter. Mandalay Resources had a net margin of 7.07% and a return on equity of 6.97%. As a group, equities research analysts anticipate that Mandalay Resources Corp. will post 0.1480392 EPS for the current year.

About Mandalay Resources

(Get Free Report)

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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