Mandalay Resources (TSE:MND) Sets New 52-Week High – Here’s Why

Shares of Mandalay Resources Corp. (TSE:MND) hit a new 52-week high during trading on Tuesday . The company traded as high as C$5.49 and last traded at C$5.50, with a volume of 77641 shares traded. The stock had previously closed at C$5.44.

Mandalay Resources Stock Performance

The firm has a market capitalization of C$362.93 million, a price-to-earnings ratio of 12.07 and a beta of 0.43. The stock’s fifty day moving average is C$4.66 and its two-hundred day moving average is C$3.94. The company has a quick ratio of 0.89, a current ratio of 2.00 and a debt-to-equity ratio of 2.46.

Insider Activity at Mandalay Resources

In other news, Senior Officer Frazer William Bourchier sold 27,692 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$4.70, for a total transaction of C$130,152.40. 1.68% of the stock is currently owned by corporate 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.