Mandalay Resources (TSE:MND) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 7th.
MND stock traded up C$0.13 during midday trading on Tuesday, reaching C$1.37. The company had a trading volume of 299,771 shares, compared to its average volume of 55,261. Mandalay Resources has a 1 year low of C$0.50 and a 1 year high of C$1.90. The company has a debt-to-equity ratio of 48.23, a current ratio of 1.36 and a quick ratio of 1.06. The stock has a market capitalization of $112.89 million and a P/E ratio of -0.98. The company’s 50 day moving average price is C$0.96.
Separately, BMO Capital Markets increased their target price on shares of Mandalay Resources from C$0.40 to C$4.00 in a research report on Tuesday, July 9th.
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 BjÃ¶rkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in VÃ¤sterbotten County in northern Sweden.
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