Mandalay Resources (TSE:MND) Stock Passes Above 200 Day Moving Average – Here’s Why

Mandalay Resources Corp. (TSE:MND) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.10 and traded as high as C$5.43. Mandalay Resources shares last traded at C$5.34, with a volume of 136,637 shares traded.

Mandalay Resources Trading Down 10.3 %

The company’s 50 day moving average price is C$4.91 and its two-hundred day moving average price is C$4.12. The firm has a market cap of C$315.91 million, a PE ratio of 10.51 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 2.00 and a debt-to-equity ratio of 2.46.

Insider Activity at Mandalay Resources

In other Mandalay Resources news, Senior Officer Frazer William Bourchier sold 27,692 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$4.70, for a total value of C$130,152.40. 1.68% of the stock is currently owned by insiders.

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.