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

Mandalay Resources Co. (OTCMKTS:MNDJF) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 7,900 shares, a decline of 17.7% from the September 30th total of 9,600 shares. Based on an average trading volume of 18,300 shares, the days-to-cover ratio is currently 0.4 days.

Mandalay Resources Price Performance

MNDJF stock traded down C$0.02 during trading on Wednesday, hitting C$2.47. The company had a trading volume of 3,600 shares, compared to its average volume of 6,623. The company has a fifty day moving average price of C$2.33 and a two-hundred day moving average price of C$1.92. Mandalay Resources has a fifty-two week low of C$1.03 and a fifty-two week high of C$2.62.

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.