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

Key Points

• Mandalay Resources stock price has surpassed its 200-day moving average, reaching a high of C$4.97 and last trading at C$4.92.
• The company has a market capitalization of C$325.85 million and a relatively low PE ratio of 10.84.
• Mandalay Resources is engaged in the acquisition and exploration of mineral properties, primarily focusing on gold, silver, and antimony in Australia and Sweden.

Mandalay Resources Corp. (TSE:MND - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.88 and traded as high as C$4.97. Mandalay Resources shares last traded at C$4.92, with a volume of 128,938 shares.

Mandalay Resources Stock Up 2.7%

The firm has a market cap of C$330.48 million, a price-to-earnings ratio of 10.99 and a beta of 0.43. 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 stock has a 50-day moving average of C$4.88 and a 200-day moving average of C$4.90.

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.