Shares of Mandalay Resources Co. (TSE:MND) hit a new 52-week low on Monday . The stock traded as low as C$0.28 and last traded at C$0.29, with a volume of 188537 shares. The stock had previously closed at C$0.28.

Separately, Scotiabank dropped 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 note on Thursday, November 9th.

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Mandalay Resources Company Profile

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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