Published on 27 Sep 2021 on Simply Wall St. via Yahoo Finance
Mandalay Resources Corporation's (TSE:MND) Stock Has Been Sliding But Fundamentals Look Strong: Is...
Mandalay Resources (TSE:MND) has had a rough three months with its share price down 28%. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. Specifically, we decided to study Mandalay Resources' ROE in this article.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
See our latest analysis for Mandalay Resources