Mandalay Resources (TSE:MND) Reaches New 1-Year High at $3.50

Mandalay Resources Corp. (TSE:MND) hit a new 52-week high on Monday . The company traded as high as C$3.50 and last traded at C$3.29, with a volume of 59053 shares changing hands. The stock had previously closed at C$3.37.

Mandalay Resources Trading Up 0.6 %

The company has a debt-to-equity ratio of 12.67, a quick ratio of 0.89 and a current ratio of 1.77. The stock has a 50-day moving average of C$2.69 and a two-hundred day moving average of C$2.27. The company has a market cap of C$315.61 million, a P/E ratio of 8.22 and a beta of 0.41.

Mandalay Resources (TSE:MND) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. Mandalay Resources had a net margin of 13.58% and a return on equity of 14.47%. The company had revenue of C$86.27 million for the quarter. On average, equities research analysts predict that Mandalay Resources Corp. will post 0.1480392 earnings per share for the current year.

Insider Activity at Mandalay Resources

In other news, Director Abraham Jonker sold 36,124 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of C$2.58, for a total value of C$93,199.92. 1.17% of the stock is owned by insiders.

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.