Mandalay Resources (TSE:MND) Shares Pass Above 200-Day Moving Average of $1.75

Mandalay Resources Corp. (TSE:MND) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Mandalay Resources Price Performance

The stock has a 50 day moving average of C$1.64 and a two-hundred day moving average of C$1.76. The stock has a market cap of C$213.72 million, a PE ratio of 21.09 and a beta of 0.60. The company has a debt-to-equity ratio of 11.98, a quick ratio of 0.89 and a current ratio of 2.50.

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