Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Up 2,052.4% in April

Mandalay Resources Co. (OTCMKTS:MNDJF) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 45,200 shares, an increase of 2,052.4% from the March 31st total of 2,100 shares. Based on an average daily volume of 13,000 shares, the short-interest ratio is presently 3.5 days.

Mandalay Resources Stock Up 4.8 %

OTCMKTS:MNDJF traded up C$0.08 during mid-day trading on Friday, reaching C$1.74. 3,100 shares of the company’s stock traded hands, compared to its average volume of 5,963. Mandalay Resources has a 12-month low of C$1.00 and a 12-month high of C$1.79. The company has a 50 day moving average price of C$1.30 and a 200-day moving average price of C$1.30.

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.