Mandalay Resources Co. (OTCMKTS:MNDJF) Sees Large Decline in Short Interest

Mandalay Resources Co. (OTCMKTS:MNDJF) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 17,500 shares, a drop of 36.6% from the January 31st total of 27,600 shares. Based on an average daily volume of 29,600 shares, the days-to-cover ratio is currently 0.6 days.

Mandalay Resources Trading Up 0.9 %

Mandalay Resources stock opened at C$3.30 on Friday. Mandalay Resources has a 52 week low of C$1.08 and a 52 week high of C$3.52. The stock has a 50-day simple moving average of C$3.07 and a 200 day simple moving average of C$2.66.

Mandalay Resources Company Profile

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Canada, Australia, Sweden, and Chile. It explores for gold, silver, and antimony deposits, as well as other base metal. The company primarily holds 100% interests in the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Australia; and the Björkdal gold mine covering an area of 12,949 located in Skelleftea, Sweden.