Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Update

Mandalay Resources Co. (OTCMKTS:MNDJF) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 200 shares, a drop of 97.0% from the October 31st total of 6,600 shares. Based on an average trading volume of 17,700 shares, the short-interest ratio is currently 0.0 days.

Mandalay Resources Price Performance

Shares of MNDJF traded up C$0.04 during mid-day trading on Thursday, hitting C$2.49. 24,475 shares of the company’s stock were exchanged, compared to its average volume of 7,277. Mandalay Resources has a 52 week low of C$1.03 and a 52 week high of C$2.62. The company has a 50-day simple moving average of C$2.41 and a 200 day simple moving average of C$2.03.

Mandalay Resources Company Profile

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Canada, Australia, Sweden, and Chile. It explores for gold, silver, and antimony deposits, as well as other base metal. The company primarily holds 100% interests in the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Australia; and the Björkdal gold mine covering an area of 12,949 located in Skelleftea, Sweden.