Mandalay Resources (TSE:MND) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Mandalay Resources Corp. (TSE:MND - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.25 and traded as high as C$4.24. Mandalay Resources shares last traded at C$4.23, with a volume of 78,539 shares traded.

Mandalay Resources Price Performance

The stock has a 50-day moving average of C$3.90 and a two-hundred day moving average of C$3.26. The company has a market cap of C$393.81 million, a P/E ratio of 10.32 and a beta of 0.43. The company has a debt-to-equity ratio of 12.67, a quick ratio of 0.89 and a current ratio of 1.77.

Mandalay Resources (TSE:MND - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$75.43 million for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. On average, research analysts anticipate that Mandalay Resources Corp. will post 0.1480392 EPS for the current fiscal year.

Insider Activity

In other news, Director Bradford Mills sold 400,000 shares of the company's stock in a transaction 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. 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.