Mandalay Resources Corp. (TSE:MND) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.32 and last traded at C$0.33, with a volume of 415,224 shares traded. The stock had previously closed at C$0.34.

Separately, Raymond James Financial, Inc. downgraded shares of Mandalay Resources Corp. from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$0.70 to C$0.55 in a research report on Friday, June 23rd.

The stock has a 50-day moving average of $0.37 and a 200-day moving average of $0.49. The stock’s market capitalization is $144.41 million.

In other Mandalay Resources Corp. news, insider Gmt Capital Corp purchased 144,300 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was bought at an average price of C$0.29 per share, with a total value of C$41,847.00. In the last three months, insiders have bought 426,100 shares of company stock valued at $123,320.

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Mandalay Resources Corp. Company Profile

Mandalay Resources Corporation is a gold, silver and antimony producer engaged in mining and related activities, including acquisition, exploration, extraction, processing and reclamation. The Company’s segments include Australia, Chile, Sweden and Canada. The Company’s producing assets are its Costerfield gold-antimony mine in Victoria, Australia; its Cerro Bayo silver-gold mine in Patagonia, Chile; and its Bjorkdal gold mine in northern Sweden.

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