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Mandalay Resources (TSE:MND) Reaches New 12-Month High - Should You Buy?

Mandalay Resources logo with Basic Materials background

Mandalay Resources Corp. (TSE:MND - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$5.70 and last traded at C$5.64, with a volume of 130271 shares traded. The stock had previously closed at C$5.31.

Mandalay Resources Stock Performance

The company has a market cap of C$364.92 million, a PE ratio of 12.13 and a beta of 0.43. The firm's 50 day moving average is C$5.00 and its 200-day moving average is C$4.26. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.89 and a current ratio of 2.00.

Insider Buying and Selling at Mandalay Resources

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

About Mandalay Resources

(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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