Mandalay Resources (TSE:MND) Shares Cross Above 50 Day Moving Average of $0.10

Mandalay Resources Corp. (TSE:MND)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.10 and traded as high as $0.14. Mandalay Resources shares last traded at $0.14, with a volume of 290,535 shares trading hands.

The company has a current ratio of 1.36, a quick ratio of 1.06 and a debt-to-equity ratio of 48.23. The firm’s 50-day simple moving average is C$0.10. The company has a market cap of $127.45 million and a P/E ratio of -0.93.

About Mandalay Resources (TSE:MND)

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 Björkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Västerbotten County in northern Sweden.

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