Mandalay Resources (TSE:MND) Reaches New 52-Week High – Here’s Why

Mandalay Resources Corp. (TSE:MND)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$3.50 and last traded at C$3.47, with a volume of 54329 shares trading hands. The stock had previously closed at C$3.38.

Mandalay Resources Stock Up 2.7 %

The firm has a market capitalization of C$323.06 million, a P/E ratio of 8.24 and a beta of 0.43. The company has a fifty day simple moving average of C$3.32 and a 200 day simple moving average of C$2.75. The company has a quick ratio of 0.89, a current ratio of 1.77 and a debt-to-equity ratio of 12.67.

Mandalay Resources (TSE:MND) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share (EPS) for the quarter. The company had revenue of C$75.43 million for the quarter. Mandalay Resources had a net margin of 13.58% and a return on equity of 14.47%. On average, equities analysts expect that Mandalay Resources Corp. will post 0.1480392 EPS 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.