Mandalay Resources (TSE:MND) Reaches New 52-Week High – Time to Buy?

Mandalay Resources Corp. (TSE:MND) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$5.49 and last traded at C$5.50, with a volume of 77641 shares trading hands. The stock had previously closed at C$5.44.

Mandalay Resources Stock Performance

The company has a market capitalization of C$362.93 million, a price-to-earnings ratio of 12.07 and a beta of 0.43. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.89 and a current ratio of 2.00. The company has a 50 day moving average price of C$4.66 and a 200 day moving average price of C$3.94.

Insiders Place Their Bets

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 shares were sold at an average price of C$4.70, for a total value of C$130,152.40. 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.