Mandalay Resources (TSE:MND) Reaches New 1-Year High – Time to Buy?

Shares of Mandalay Resources Corp. (TSE:MND) reached a new 52-week high during trading on Thursday . The stock traded as high as C$3.66 and last traded at C$3.66, with a volume of 30890 shares traded. The stock had previously closed at C$3.45.

Mandalay Resources Price Performance

The firm’s fifty day moving average price is C$3.34 and its 200 day moving average price is C$2.81. The stock has a market cap of C$336.09 million, a PE ratio of 8.80 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 1.77 and a debt-to-equity ratio of 12.67.

Mandalay Resources (TSE:MND) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share for the quarter. Mandalay Resources had a net margin of 13.58% and a return on equity of 14.47%. The company had revenue of C$75.43 million for the quarter. As a group, equities analysts expect that Mandalay Resources Corp. will post 0.1480392 EPS for the current fiscal year.

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.