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

Mandalay Resources Corp. (TSE:MND) shares reached a new 52-week high during trading 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 Price Performance

The stock has a 50-day moving average price of C$4.37 and a 200 day moving average price of C$3.66. 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 firm has a market cap of C$319.89 million, a price-to-earnings ratio of 10.64 and a beta of 0.43.

Insider Transactions at Mandalay Resources

In related news, Director Bradford Mills sold 400,000 shares of the business’s stock in a transaction dated 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

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.