Mandalay Resources Corporation (OTCMKTS:MNDJF) Stock In Focus Ahead of Quarterly Earnings

As another trading week comes to a close, it may be a good time for investors to perhaps start looking into some stocks that may have made significant gains in the past week. One of the stocks that could be worth looking into at this point is that of Mandalay Resources Corporation (OTCMKTS:MNDJF).

Trading Data

On Thursday, MNDJF stock fell 0.48% to $2.08 with more than 15K shares, compared to its average volume of 9K shares. The stock moved within a range of $2.0300 – 2.1500 after opening trade at $2.10.

Major News

The company’s stock emerged as one of the significant movers over the course of the past week and managed to clock gains of as much as 7%. Yesterday, the company came into focus after it announced its financial results for the fourth quarter as well as the full year 2021 were going to be released later on this month.

The results are going to be declared on February 25, 2022. After the announcement, the Chief Executive Officer and President of the company, Dominic Duffy, will host a conference call that is going to commence at at 8 in the morning Toronto time. It was an important announcement from the company and it is going to be interesting to see if the Mandalay Resources Corporation stock gets attention in the days leading up to the announcement or not. It may be a good time to keep an eye on the stock.

Technical Data

MNDJF stock is trading above the 20-Day and 50-Day Moving averages of $1.96 and $1.88 respectively. Moreover, the stock is trading above the 200-Day moving average of $2.08.