Mandalay Resources (TSE:MND) Shares Pass Above 200-Day Moving Average - What's Next?

Shares of Mandalay Resources Corp. (TSE:MND - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.10 and traded as high as C$5.43. Mandalay Resources shares last traded at C$5.34, with a volume of 136,637 shares traded.

Mandalay Resources Stock Down 4.6 %

The business has a 50-day moving average of C$4.91 and a 200 day moving average of C$4.13. The company has a market capitalization of C$301.34 million, a PE ratio of 10.02 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.

Insider Transactions at Mandalay Resources

In other news, Senior Officer Frazer William Bourchier sold 27,692 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$4.70, for a total transaction of C$130,152.40. Insiders own 1.68% of the company's stock.

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.