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

Mandalay Resources Corp. (TSE:MND) reached a new 52-week high on Wednesday . The company traded as high as C$5.70 and last traded at C$5.64, with a volume of 130271 shares. The stock had previously closed at C$5.31.

Mandalay Resources Trading Up 4.1 %

The firm has a market capitalization of C$366.25 million, a price-to-earnings ratio of 12.18 and a beta of 0.43. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.00 and a quick ratio of 0.89. The business’s 50-day moving average price is C$4.96 and its 200 day moving average price is C$4.21.

Insiders Place Their Bets

In other news, Senior Officer Frazer William Bourchier sold 27,692 shares of the 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. 1.68% of the stock is owned by corporate 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.