Mandalay Resources (OTCMKTS:MNDJF) Trading 5.7% Higher – Here’s Why

Mandalay Resources Co. (OTCMKTS:MNDJFGet Free Report) shares were up 5.7% during trading on Thursday . The stock traded as high as C$3.93 and last traded at C$3.92. Approximately 631,813 shares changed hands during mid-day trading, an increase of 2,115% from the average daily volume of 28,528 shares. The stock had previously closed at C$3.71.

Mandalay Resources Trading Up 5.7%

The stock’s 50 day moving average price is C$3.92 and its 200 day moving average price is C$3.81.

Mandalay Resources Company Profile

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Mandalay Resources is a Canadian-based mineral resource company engaged in the acquisition, exploration, development and operation of precious and base metal assets. The company focuses on sustainably mining gold, silver and antimony in stable jurisdictions, leveraging underground mechanized methods and conventional processing technologies. Mandalay’s strategy centers on operating cash‐generative mines while advancing exploration and development projects to extend resource life and unlock value.

The company’s primary producing assets include the Costerfield gold–antimony mine in Victoria, Australia, and the Björkdal gold mine in Sweden.

Further Reading

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