Mandalay Resources (TSE:MND) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Mandalay Resources Corp. (TSE:MND) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.40 and traded as high as C$4.67. Mandalay Resources shares last traded at C$4.67, with a volume of 61,554 shares trading hands.

Mandalay Resources Stock Performance

The company has a debt-to-equity ratio of 12.67, a quick ratio of 0.89 and a current ratio of 1.77. The stock has a market cap of C$444.09 million, a P/E ratio of 11.63 and a beta of 0.43. The company’s 50 day moving average price is C$4.13 and its 200-day moving average price is C$3.41.

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

Insiders Place Their Bets

In other news, Director Bradford Mills sold 400,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$4.30, for a total transaction of C$1,720,000.00. Company insiders own 1.68% of the company’s stock.

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.