Mandalay Resources Corp. (TSE:MND) Insider Purchases 53,200 Shares

Mandalay Resources Corp. (TSE:MND) insider Gmt Capital Corp acquired 53,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were bought at an average price of C$0.27 per share, for a total transaction of C$14,364.00.

Gmt Capital Corp also recently made the following trade(s):

  • On Wednesday, August 9th, Gmt Capital Corp bought 27,400 shares of Mandalay Resources Corp. stock. The shares were bought at an average cost of C$0.29 per share, with a total value of C$7,946.00.
  • On Tuesday, August 8th, Gmt Capital Corp acquired 6,100 shares of Mandalay Resources Corp. stock. The stock was acquired at an average cost of C$0.29 per share, with a total value of C$1,769.00.
  • On Tuesday, August 1st, Gmt Capital Corp bought 7,100 shares of Mandalay Resources Corp. stock. The stock was purchased at an average price of C$0.31 per share, with a total value of C$2,201.00.
  • On Monday, July 31st, Gmt Capital Corp acquired 38,400 shares of Mandalay Resources Corp. stock. The shares were bought at an average price of C$0.31 per share, with a total value of C$11,904.00.
  • On Friday, July 28th, Gmt Capital Corp bought 26,500 shares of Mandalay Resources Corp. stock. The shares were acquired at an average cost of C$0.31 per share, for a total transaction of C$8,215.00.
  • On Thursday, July 27th, Gmt Capital Corp acquired 144,300 shares of Mandalay Resources Corp. stock. The shares were acquired at an average price of C$0.29 per share, for a total transaction of C$41,847.00.
  • On Wednesday, July 26th, Gmt Capital Corp bought 32,300 shares of Mandalay Resources Corp. stock. The stock was purchased at an average price of C$0.29 per share, with a total value of C$9,367.00.
  • On Tuesday, July 25th, Gmt Capital Corp bought 16,500 shares of Mandalay Resources Corp. stock. The stock was purchased at an average price of C$0.29 per share, with a total value of C$4,785.00.
  • On Monday, July 24th, Gmt Capital Corp acquired 11,700 shares of Mandalay Resources Corp. stock. The shares were bought at an average price of C$0.30 per share, with a total value of C$3,510.00.
  • On Wednesday, July 19th, Gmt Capital Corp acquired 8,000 shares of Mandalay Resources Corp. stock. The shares were bought at an average price of C$0.28 per share, with a total value of C$2,240.00.

Shares of Mandalay Resources Corp. (MND) traded down 2.667% during midday trading on Friday, reaching $0.365. 231,104 shares of the company were exchanged. The stock’s market capitalization is $164.71 million. The company has a 50 day moving average price of $0.37 and a 200-day moving average price of $0.56. Mandalay Resources Corp. has a 12-month low of $0.33 and a 12-month high of $1.17.

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MND has been the subject of a number of research reports. Scotiabank lowered shares of Mandalay Resources Corp. from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$0.90 to C$0.70 in a research report on Thursday, May 11th. Raymond James Financial, Inc. lowered 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. Finally, Desjardins upgraded shares of Mandalay Resources Corp. from a “hold” rating to a “buy” rating in a research report on Monday, May 15th.

About Mandalay Resources Corp.

Mandalay Resources Corporation acquires, explores for, extracts, processes, and reclaims mineral properties in Australia, Chile, and Sweden. It explores for gold, silver, and antimony deposits. The company holds 100% interests in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares located in the state of Victoria, Australia; and Cerro Bayo silver-gold mine covering 29,495 hectares of exploitation concessions and 45 hectares of exploration concessions in the Cerro Bayo district, Chile.

Insider Buying and Selling by Quarter for Mandalay Resources Corp. (TSE:MND)

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