Mandalay Resources (TSE:MND) Hits New 12-Month High – Time to Buy?

Mandalay Resources Corp. (TSE:MND) shares reached a new 52-week high on Monday . The stock traded as high as C$4.92 and last traded at C$4.78, with a volume of 34532 shares traded. The stock had previously closed at C$4.77.

Mandalay Resources Price Performance

The company has a market capitalization of C$435.71 million, a P/E ratio of 11.41 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 1.77 and a debt-to-equity ratio of 12.67. The business has a 50 day simple moving average of C$4.20 and a 200-day simple moving average of C$3.47.

Mandalay Resources (TSE:MND) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.15 earnings per share (EPS) for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. The business had revenue of C$75.43 million during the quarter. Analysts predict that Mandalay Resources Corp. will post 0.1480392 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Bradford Mills sold 400,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$4.30, for a total transaction of C$1,720,000.00. 1.68% of the stock is owned by corporate insiders.

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.