Stifel Canada upgraded shares of Meridian Mining UK Societas (TSE:MNO - Free Report) to a strong-buy rating in a research note published on Friday morning,Zacks.com reports.
Meridian Mining UK Societas Trading Up 2.7%
Shares of TSE MNO traded up C$0.02 during trading hours on Friday, hitting C$0.76. 739,760 shares of the company traded hands, compared to its average volume of 383,591. The company's 50 day moving average price is C$0.65 and its 200 day moving average price is C$0.52. Meridian Mining UK Societas has a 12 month low of C$0.33 and a 12 month high of C$0.79. The stock has a market capitalization of C$155.99 million, a price-to-earnings ratio of -9.67 and a beta of 2.00.
Meridian Mining UK Societas Company Profile
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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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