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Mandalay Resources (TSE:MND) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Mandalay Resources logo with Basic Materials background

Shares of Mandalay Resources Corp. (TSE:MND - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.61 and traded as high as C$4.73. Mandalay Resources shares last traded at C$4.71, with a volume of 44,922 shares.

Mandalay Resources Stock Up 1.7 %

The firm's 50-day moving average price is C$4.36 and its two-hundred day moving average price is C$3.64. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.89 and a current ratio of 2.00. The firm has a market cap of C$319.89 million, a PE ratio of 10.64 and a beta of 0.43.

Insider Activity at Mandalay Resources

In other Mandalay Resources news, Director Bradford Mills sold 400,000 shares of Mandalay Resources stock in a transaction that occurred 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.

About Mandalay Resources

(Get Free Report)

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.

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