Mandalay Resources (TSE:MND) Stock Crosses Above Two Hundred Day Moving Average of $1.78

Mandalay Resources Corp. (TSE:MND)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.78 and traded as high as C$2.27. Mandalay Resources shares last traded at C$2.27, with a volume of 2,500 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets dropped their target price on shares of Mandalay Resources from C$3.00 to C$2.50 in a research report on Friday, February 23rd.

Mandalay Resources Price Performance

The company has a debt-to-equity ratio of 11.98, a current ratio of 2.50 and a quick ratio of 0.89. The business’s 50 day moving average price is C$1.85 and its 200 day moving average price is C$1.78. The stock has a market capitalization of C$208.14 million, a P/E ratio of 20.36 and a beta of 0.60.

Mandalay Resources (TSE:MND) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.14 EPS for the quarter. Mandalay Resources had a return on equity of 4.13% and a net margin of 4.54%. The company had revenue of C$68.88 million during the quarter. Sell-side analysts forecast that Mandalay Resources Corp. will post 0.1480392 EPS for the current year.

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.