Mandalay Resources (TSE:MND) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Mandalay Resources Corp. (TSE:MND - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$3.84 and traded as high as C$4.88. Mandalay Resources shares last traded at C$4.84, with a volume of 262,573 shares.

Mandalay Resources Stock Performance

The company has a market capitalization of C$325.18 million, a price-to-earnings ratio of 10.81 and a beta of 0.43. 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 stock's fifty day simple moving average is C$4.56 and its 200-day simple moving average is C$3.86.

Insiders Place Their Bets

In other news, Senior Officer Frazer William Bourchier sold 27,692 shares of the firm's stock in a transaction 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. Also, Director Bradford Mills sold 400,000 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were 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 company 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.