Mandalay Resources (TSE:MND) Sets New 12-Month High – Here’s What Happened

by · The Cerbat Gem

Mandalay Resources Corp. (TSE:MND – Get Free Report)’s stock price reached a new 52-week high on Friday . The company traded as high as C$4.98 and last traded at C$4.93, with a volume of 101597 shares. The stock had previously closed at C$4.75.

Mandalay Resources Stock Performance

The firm has a 50-day moving average price of C$4.36 and a 200 day moving average price of C$3.64. The firm has a market capitalization of C$319.89 million, a PE ratio of 10.64 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 2.00 and a debt-to-equity ratio of 2.46.

Insider Transactions at Mandalay Resources

In other news, Director Bradford Mills sold 400,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$4.30, for a total value of C$1,720,000.00. Insiders own 1.68% of the company’s stock.

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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