Mandalay Resources (TSE:MND) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Mandalay Resources Corp. (TSE:MND)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.02 and traded as high as C$5.42. Mandalay Resources shares last traded at C$5.37, with a volume of 50,462 shares changing hands.

Mandalay Resources Stock Down 0.6 %

The company has a market capitalization of C$347.04 million, a price-to-earnings ratio of 11.54 and a beta of 0.43. The company has a current ratio of 2.00, a quick ratio of 0.89 and a debt-to-equity ratio of 2.46. The firm’s 50 day simple moving average is C$4.78 and its 200-day simple moving average is C$4.02.

Insider Transactions at Mandalay Resources

In related news, Senior Officer Frazer William Bourchier sold 27,692 shares of Mandalay Resources stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of C$4.70, for a total value of C$130,152.40. Company insiders own 1.68% of the company’s stock.

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.