Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Down 87.7% in December

Mandalay Resources Co. (OTCMKTS:MNDJF) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 700 shares, a drop of 87.7% from the November 30th total of 5,700 shares. Based on an average daily volume of 94,000 shares, the short-interest ratio is presently 0.0 days.

Mandalay Resources Stock Down 3.6 %

Shares of Mandalay Resources stock traded down C$0.09 on Thursday, reaching C$2.81. The company’s stock had a trading volume of 4,107 shares, compared to its average volume of 10,568. The stock has a 50-day moving average price of C$2.61 and a 200-day moving average price of C$2.21. Mandalay Resources has a 52-week low of C$1.03 and a 52-week high of C$3.40.

About Mandalay Resources

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Canada, Australia, Sweden, and Chile. It explores for gold, silver, and antimony deposits, as well as other base metal. The company primarily holds 100% interests in the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Australia; and the Björkdal gold mine covering an area of 12,949 located in Skelleftea, Sweden.