Shares of Mandalay Resources Corp. (TSE:MND) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.26 and last traded at C$0.26, with a volume of 247254 shares changing hands. The stock had previously closed at C$0.26.

Separately, Scotiabank lowered their price objective on shares of Mandalay Resources from C$0.65 to C$0.55 and set a “sector perform” rating for the company in a research report on Thursday, November 9th.

The firm has a market cap of $117.33, a PE ratio of -2.17 and a beta of -0.35.

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About Mandalay Resources

Mandalay Resources Corporation is a gold, silver and antimony producer engaged in mining and related activities, including acquisition, exploration, extraction, processing and reclamation. The Company’s segments include Australia, Chile, Sweden and Canada. The Company’s producing assets are its Costerfield gold-antimony mine in Victoria, Australia; its Cerro Bayo silver-gold mine in Patagonia, Chile; and its Bjorkdal gold mine in northern Sweden.

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