Mandalay Resources (TSE:MND) Sets New 12-Month High – Still a Buy?

Mandalay Resources Corp. (TSE:MND)’s share price hit a new 52-week high on Thursday . The company traded as high as C$3.50 and last traded at C$3.47, with a volume of 54329 shares changing hands. The stock had previously closed at C$3.38.

Mandalay Resources Stock Up 2.7 %

The company has a market cap of C$323.06 million, a PE ratio of 8.24 and a beta of 0.43. 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 company’s fifty day moving average is C$3.32 and its 200-day moving average is C$2.75.

Mandalay Resources (TSE:MND) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.15 EPS for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. The company had revenue of C$75.43 million during the quarter. On average, analysts predict 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.