Mandalay Resources (TSE:MND) Hits New 12-Month High – What’s Next?

Mandalay Resources Corp. (TSE:MND)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$4.72 and last traded at C$4.76, with a volume of 91823 shares trading hands. The stock had previously closed at C$4.40.

Mandalay Resources Price Performance

The stock’s 50 day moving average price is C$3.57 and its two-hundred day moving average price is C$2.98. 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$388.23 million, a price-to-earnings ratio of 10.17 and a beta of 0.43.

Mandalay Resources (TSE:MND) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$75.43 million for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. On average, equities research analysts anticipate that Mandalay Resources Corp. will post 0.1480392 EPS 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.