Mandalay Resources (TSE:MND) had its target price upped by BMO Capital Markets from C$0.40 to C$4.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

MND stock opened at C$1.27 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.06 and a debt-to-equity ratio of 48.23. Mandalay Resources has a 1-year low of C$0.50 and a 1-year high of C$2.40. The company’s fifty day simple moving average is C$0.36. The company has a market capitalization of $120.17 million and a price-to-earnings ratio of -0.91.

Mandalay Resources Company Profile

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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