Mandalay Resources (TSE:MND) Sets New 1-Year High – Here’s What Happened

Mandalay Resources Corp. (TSE:MND) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$4.30 and last traded at C$4.34, with a volume of 32827 shares changing hands. The stock had previously closed at C$4.13.

Mandalay Resources Trading Up 5.1 %

The company’s 50 day simple moving average is C$3.43 and its 200 day simple moving average is C$2.89. The firm has a market cap of C$404.05 million, a price-to-earnings ratio of 10.07 and a beta of 0.43. The company has a debt-to-equity ratio of 12.67, a current ratio of 1.77 and a quick ratio of 0.89.

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