Mandalay Resources (MND) Stock Price Down 12.5%

Mandalay Resources Corp. (TSE:MND)’s share price traded down 12.5% during mid-day trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. 817,739 shares changed hands during mid-day trading, an increase of 194% from the average session volume of 278,012 shares. The stock had previously closed at C$0.08.

The company has a debt-to-equity ratio of 33.54, a current ratio of 0.77 and a quick ratio of 0.44.

Mandalay Resources (TSE:MND) last released its quarterly earnings data on Wednesday, August 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$36.06 million for the quarter.

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Mandalay Resources Company Profile (TSE:MND)

Mandalay Resources Corporation engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds 100% interests in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares located in Central Victoria, Australia; and Cerro Bayo silver and gold mine covering 29,495 hectares of exploitation concessions and 45 hectares of exploration concessions located in the Cerro Bayo district, southern Chile.

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