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Meridian Mining UK Societas (TSE:MNO) Hits New 52-Week High - Here's Why

Meridian Mining UK Societas logo with Basic Materials background

Key Points

  • Meridian Mining UK Societas shares hit a new 52-week high at C$1.28 during trading, closing slightly lower at C$1.27.
  • The company has a market capitalization of C$524.54 million and operates various mining projects, including the Espigao manganese project and the Cabacal Project in Brazil.
  • Meridian's stock has a price-to-earnings ratio of -21.00 and a beta of 0.89, indicating lower volatility compared to the market.
  • Five stocks we like better than Meridian Mining UK Societas.

Meridian Mining UK Societas (TSE:MNO - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$1.28 and last traded at C$1.27, with a volume of 175199 shares. The stock had previously closed at C$1.25.

Meridian Mining UK Societas Stock Performance

The stock has a market cap of C$524.54 million, a price-to-earnings ratio of -21.00 and a beta of 0.89. The company has a 50 day moving average of C$1.00 and a 200-day moving average of C$0.82.

Meridian Mining UK Societas Company Profile

(Get Free Report)

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.

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