Short Interest in Mandalay Resources Co. (OTCMKTS:MNDJF) Expands By 720.0%

Mandalay Resources Co. (OTCMKTS:MNDJF) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,100 shares, a growth of 720.0% from the February 28th total of 500 shares. Based on an average trading volume of 48,200 shares, the days-to-cover ratio is presently 0.1 days.

Mandalay Resources Stock Down 1.4 %

Shares of OTCMKTS:MNDJF traded down C$0.05 during trading on Friday, hitting C$3.65. 44,016 shares of the company were exchanged, compared to its average volume of 20,306. The business’s 50 day moving average is C$3.34 and its 200-day moving average is C$2.85. Mandalay Resources has a 1-year low of C$1.10 and a 1-year high of C$3.88.

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.