Mandalay Resources (TSE:MND) Hits New 12-Month High at $2.50

Mandalay Resources Corp. (TSE:MND) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$2.50 and last traded at C$2.35, with a volume of 155186 shares changing hands. The stock had previously closed at C$2.29.

Mandalay Resources Stock Performance

The company has a current ratio of 2.31, a quick ratio of 0.89 and a debt-to-equity ratio of 14.27. The firm has a 50-day moving average of C$2.23 and a 200-day moving average of C$1.93. The stock has a market capitalization of C$237.25 million, a price-to-earnings ratio of 14.17 and a beta of 0.49.

Mandalay Resources (TSE:MND) last released its earnings results on Wednesday, May 8th. The company reported C$0.18 earnings per share (EPS) for the quarter. Mandalay Resources had a return on equity of 6.97% and a net margin of 7.07%. The firm had revenue of C$74.84 million for the quarter. As a group, sell-side analysts predict that Mandalay Resources Corp. will post 0.1480392 earnings per share 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.