Mandalay Resources (TSE:MND) Shares Cross Above 200-Day Moving Average - Should You Sell?

Mandalay Resources Corp. (TSE:MND - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.30 and traded as high as C$5.33. Mandalay Resources shares last traded at C$5.24, with a volume of 75,866 shares traded.

Mandalay Resources Price Performance

The firm has a 50-day simple moving average of C$5.10 and a two-hundred day simple moving average of C$4.36. The company has a market capitalization of C$370.88 million, a price-to-earnings ratio of 12.33 and a beta of 0.43. The company has a current ratio of 2.00, a quick ratio of 0.89 and a debt-to-equity ratio of 2.46.

Insiders Place Their Bets

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

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.