Mandalay Resources (TSE:MND) Hits New 52-Week High – Here’s What Happened

Mandalay Resources Corp. (TSE:MND)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.92 and last traded at C$4.78, with a volume of 34532 shares changing hands. The stock had previously closed at C$4.77.

Mandalay Resources Trading Down 0.2 %

The firm has a market capitalization of C$435.71 million, a PE ratio of 11.41 and a beta of 0.43. The firm’s 50-day simple moving average is C$4.20 and its 200-day simple moving average is C$3.47. The company has a quick ratio of 0.89, a current ratio of 1.77 and a debt-to-equity ratio of 12.67.

Mandalay Resources (TSE:MND) last posted its earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share (EPS) for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. The firm had revenue of C$75.43 million for the quarter. Equities analysts expect that Mandalay Resources Corp. will post 0.1480392 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Bradford Mills sold 400,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of C$4.30, for a total transaction of C$1,720,000.00. 1.68% of the stock is currently owned by company insiders.

Mandalay Resources Company Profile

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.