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Mandalay Resources (TSE:MND) Stock Passes Above 200 Day Moving Average - Time to Sell?

Mandalay Resources logo with Basic Materials background

Mandalay Resources Corp. (TSE:MND - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.73 and traded as high as C$5.26. Mandalay Resources shares last traded at C$5.21, with a volume of 26,909 shares.

Mandalay Resources Stock Performance

The company has a market cap of C$344.39 million, a P/E ratio of 11.45 and a beta of 0.43. The company's 50-day moving average is C$5.11 and its two-hundred day moving average is C$4.73. The company has a quick ratio of 0.89, a current ratio of 2.00 and a debt-to-equity ratio of 2.46.

About Mandalay Resources

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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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