Mandalay Resources (TSE:MND) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Mandalay Resources Corp. (TSE:MND)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.61 and traded as high as C$4.73. Mandalay Resources shares last traded at C$4.71, with a volume of 44,922 shares changing hands.

Mandalay Resources Price Performance

The company has a market cap of C$311.94 million, a PE ratio of 10.37 and a beta of 0.43. The business’s 50 day moving average price is C$4.34 and its 200-day moving average price is C$3.61. The company has a quick ratio of 0.89, a current ratio of 2.00 and a debt-to-equity ratio of 2.46.

Insiders Place Their Bets

In other Mandalay Resources news, Director Bradford Mills sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$4.30, for a total value of C$1,720,000.00. 1.68% of the stock is currently owned by company insiders.

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.