Shares of Mandalay Resources Corp. (TSE:MND – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.79 and traded as high as C$5.00. Mandalay Resources shares last traded at C$4.95, with a volume of 46,432 shares trading hands.
Mandalay Resources Stock Performance
The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.89 and a current ratio of 2.00. The company has a market capitalization of C$327.83 million, a P/E ratio of 10.90 and a beta of 0.43. The business’s fifty day simple moving average is C$5.13 and its 200-day simple moving average is C$4.80.
About Mandalay Resources
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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