Mandalay Resources (TSE:MND) Reaches New 12-Month High – Should You Buy?

Mandalay Resources Corp. (TSE:MND) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$4.22 and last traded at C$4.17, with a volume of 89569 shares. The stock had previously closed at C$3.99.

Mandalay Resources Price Performance

The stock has a 50-day moving average price of C$3.36 and a 200 day moving average price of C$2.84. The company has a debt-to-equity ratio of 12.67, a current ratio of 1.77 and a quick ratio of 0.89. The firm has a market cap of C$391.95 million, a price-to-earnings ratio of 9.73 and a beta of 0.43.

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

Mandalay Resources Company Profile

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.