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

Mandalay Resources Corp. (TSE:MND) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.02 and traded as high as C$5.42. Mandalay Resources shares last traded at C$5.37, with a volume of 50,462 shares trading hands.

Mandalay Resources Price Performance

The company has a current ratio of 2.00, a quick ratio of 0.89 and a debt-to-equity ratio of 2.46. The company has a market capitalization of C$355.65 million, a price-to-earnings ratio of 11.83 and a beta of 0.43. The company has a 50 day moving average price of C$4.76 and a 200 day moving average price of C$4.02.

Insiders Place Their Bets

In other Mandalay Resources news, Senior Officer Frazer William Bourchier sold 27,692 shares of Mandalay Resources stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$4.70, for a total transaction of C$130,152.40. Company 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.