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

Mandalay Resources logo with Basic Materials background

Mandalay Resources Corp. (TSE:MND - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.70 and traded as high as C$3.37. Mandalay Resources shares last traded at C$3.31, with a volume of 39,669 shares.

Mandalay Resources Stock Performance

The company has a market capitalization of C$305.37 million, a PE ratio of 8.00 and a beta of 0.43. The stock has a 50-day simple moving average of C$3.27 and a 200 day simple moving average of C$2.71. The company has a debt-to-equity ratio of 12.67, a current ratio of 1.77 and a quick ratio of 0.89.

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

Mandalay Resources Company Profile

(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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