Mandalay Resources (TSE:MND) Share Price Crosses Above 200 Day Moving Average of $1.75

Mandalay Resources Corp. (TSE:MND)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.75 and traded as high as C$2.25. Mandalay Resources shares last traded at C$2.24, with a volume of 9,500 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered their target price on Mandalay Resources from C$3.00 to C$2.50 in a research note on Friday, February 23rd.

Mandalay Resources Stock Up 1.4 %

The stock has a market cap of C$208.14 million, a price-to-earnings ratio of 20.36 and a beta of 0.60. The business has a fifty day moving average of C$1.63 and a 200 day moving average of C$1.75. The company has a debt-to-equity ratio of 11.98, a current ratio of 2.50 and a quick ratio of 0.89.

Mandalay Resources (TSE:MND) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.14 EPS for the quarter. Mandalay Resources had a net margin of 4.54% and a return on equity of 4.13%. The company had revenue of C$68.88 million for the quarter. On average, equities analysts predict that Mandalay Resources Corp. will post 0.1480392 earnings per share 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.