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

Mandalay Resources logo with Basic Materials background

Shares of Mandalay Resources Corp. (TSE:MND - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.55 and traded as high as C$3.15. Mandalay Resources shares last traded at C$3.12, with a volume of 69,325 shares changing hands.

Mandalay Resources Stock Performance

The stock's 50 day moving average price is C$3.09 and its 200 day moving average price is C$2.56. The company has a market capitalization of C$294.20 million, a P/E ratio of 7.71 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 released its earnings results on Wednesday, August 7th. The company reported C$0.25 EPS for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. The business had revenue of C$86.27 million during the quarter. As a group, equities analysts expect that Mandalay Resources Corp. will post 0.1480392 EPS for the current 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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