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Mandalay Resources (TSE:MND) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Mandalay Resources logo with Basic Materials background

Shares of Mandalay Resources Corp. (TSE:MND - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.66 and traded as high as C$5.41. Mandalay Resources shares last traded at C$5.25, with a volume of 120,037 shares trading hands.

Mandalay Resources Stock Up 0.8%

The company has a debt-to-equity ratio of 2.46, a current ratio of 2.00 and a quick ratio of 0.89. The business has a 50 day moving average price of C$5.10 and a 200 day moving average price of C$4.66. The firm has a market capitalization of C$350.35 million, a P/E ratio of 11.65 and a beta of 0.43.

Insider Activity

In other news, Senior Officer Frazer William Bourchier sold 27,692 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was 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.

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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