Mandalay Resources (TSE:MND) Hits New 12-Month High at $3.50

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

Mandalay Resources Price Performance

The company has a current ratio of 1.77, a quick ratio of 0.89 and a debt-to-equity ratio of 12.67. The business’s fifty day moving average price is C$2.69 and its 200-day moving average price is C$2.27. The company has a market capitalization of C$315.61 million, a P/E ratio of 8.22 and a beta of 0.41.

Mandalay Resources (TSE:MND) last released its earnings results on Wednesday, August 7th. The company reported C$0.25 earnings per share for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. The company had revenue of C$86.27 million during the quarter. As a group, sell-side analysts predict that Mandalay Resources Corp. will post 0.1480392 earnings per share for the current fiscal year.

Insider Activity at Mandalay Resources

In other news, Director Abraham Jonker sold 36,124 shares of Mandalay Resources stock in a transaction dated 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.