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Mandalay Resources (TSE:MND) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?


Mandalay Resources (TSE:MND) Shares Pass Above Two Hundred Day Moving Average   - Time to Sell?

Shares of Mandalay Resources Corp. (TSE:MND - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.61 and traded as high as C$3.36. Mandalay Resources shares last traded at C$3.33, with a volume of 29,800 shares trading hands.

The stock has a market capitalization of C$310.02 million, a price-to-earnings ratio of 8.12 and a beta of 0.43. The company has a current ratio of 1.77, a quick ratio of 0.89 and a debt-to-equity ratio of 12.67. The stock has a fifty day moving average of C$3.16 and a two-hundred day moving average of C$2.61.

Mandalay Resources (TSE:MND - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 EPS for the quarter. The firm had revenue of C$86.27 million for the quarter. Mandalay Resources had a return on equity of 14.47% and a net margin of 13.58%. As a group, equities research analysts forecast that Mandalay Resources Corp. will post 0.1480392 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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