Mandalay Resources (TSE:MND) Sets New 1-Year High at $2.95

Mandalay Resources Corp. (TSE:MND)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$2.95 and last traded at C$2.94, with a volume of 7900 shares traded. The stock had previously closed at C$2.85.

Mandalay Resources Trading Down 0.3 %

The company has a debt-to-equity ratio of 12.67, a current ratio of 1.77 and a quick ratio of 0.89. The firm has a market capitalization of C$272.78 million, a PE ratio of 7.15 and a beta of 0.41. The stock’s 50-day moving average price is C$2.45 and its 200 day moving average price is C$2.10.

Insiders Place Their Bets

In other Mandalay Resources news, Director Abraham Jonker sold 36,124 shares of the company’s stock in a transaction on 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 currently owned by company 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.