Short Interest in Mandalay Resources Co. (OTCMKTS:MNDJF) Rises By 800.0%

Mandalay Resources Co. (OTCMKTS:MNDJF) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 6,300 shares, a growth of 800.0% from the December 15th total of 700 shares. Based on an average daily trading volume, of 61,500 shares, the short-interest ratio is currently 0.1 days.

Mandalay Resources Trading Down 1.3 %

Shares of MNDJF traded down C$0.04 during mid-day trading on Monday, reaching C$2.81. The company’s stock had a trading volume of 8,401 shares, compared to its average volume of 10,714. Mandalay Resources has a 12-month low of C$1.03 and a 12-month high of C$3.40. The company’s 50 day moving average is C$2.71 and its 200 day moving average is C$2.32.

About Mandalay Resources

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.