Mandalay Resources (TSE:MND) Sets New 1-Year High – Should You Buy?

Mandalay Resources Corp. (TSE:MND) hit a new 52-week high on Wednesday . The company traded as high as C$4.22 and last traded at C$4.17, with a volume of 89569 shares changing hands. The stock had previously closed at C$3.99.

Mandalay Resources Price Performance

The firm has a fifty day moving average price of C$3.39 and a two-hundred day moving average price of C$2.86. The company has a quick ratio of 0.89, a current ratio of 1.77 and a debt-to-equity ratio of 12.67. The stock has a market capitalization of C$387.30 million, a P/E ratio of 10.32 and a beta of 0.43.

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

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.