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An update from Mandalay Resources ( (TSE:MND) ) is now available.
Mandalay Resources shareholders have overwhelmingly approved a transaction with Alkane Resources, allowing Alkane to acquire all outstanding Mandalay shares. This merger is expected to create a dual-listed gold and antimony producer with enhanced growth prospects, while Alkane plans to upgrade its U.S. OTC listing to improve investor accessibility.
The most recent analyst rating on (TSE:MND) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Mandalay Resources stock, see the TSE:MND Stock Forecast page.
Spark’s Take on TSE:MND Stock
According to Spark, TipRanks’ AI Analyst, TSE:MND is a Outperform.
Mandalay Resources is well-positioned with strong financial health and significant corporate developments. The company’s robust financials and strategic events are the primary drivers of the score, while mixed technical signals and lack of earnings call data slightly dampen the overall outlook.
To see Spark’s full report on TSE:MND stock, click here.
More about Mandalay Resources
Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden. The company focuses on gold and antimony production, aiming to grow its production and reduce costs while ensuring safety and environmental responsibility.
Average Trading Volume: 150,244
Technical Sentiment Signal: Buy
Current Market Cap: C$465.7M
For an in-depth examination of MND stock, go to TipRanks’ Overview page.