Mandalay Resources (TSE:MND) Hits New 52-Week High – Time to Buy?

Mandalay Resources Corp. (TSE:MND) shares reached a new 52-week high on Monday . The company traded as high as C$4.72 and last traded at C$4.76, with a volume of 91823 shares. The stock had previously closed at C$4.40.

Mandalay Resources Trading Down 3.0 %

The firm has a market capitalization of C$388.23 million, a price-to-earnings ratio of 10.17 and a beta of 0.43. The company has a fifty day moving average price of C$3.57 and a 200-day moving average price of C$2.98. The company has a current ratio of 1.77, a quick ratio of 0.89 and a debt-to-equity ratio of 12.67.

Mandalay Resources (TSE:MND) last posted its earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share (EPS) for the quarter. Mandalay Resources had a net margin of 13.58% and a return on equity of 14.47%. The firm had revenue of C$75.43 million during the quarter. On average, equities research analysts predict 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.