Mandalay Resources Corp. (TSE:MND - Get Free Report)'s stock price 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 market capitalization of C$341.74 million, a price-to-earnings ratio of 11.36 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 company's 50 day simple moving average is C$4.82 and its 200-day simple moving average is C$4.06.
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 dated Thursday, March 13th. The stock was sold at an average price of C$4.70, for a total value of C$130,152.40. Corporate insiders own 1.68% of the company's stock.
About Mandalay Resources
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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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