Meridian Mining UK Societas (TSE:MNO) Sets New 1-Year High - Time to Buy?

Key Points

• Meridian Mining UK Societas reached a new 52-week high of C$1.25 during trading, with a last traded price of C$1.24 and a volume of 288,022 shares.
• The company has a market capitalization of C$512.06 million and a PE ratio of -20.50, indicating a current loss-based valuation.
• Meridian focuses on mining and exploration activities in Brazil, particularly the Espigao manganese project and the Cabacal Project in Mato Grosso.

Meridian Mining UK Societas (TSE:MNO - ) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1.25 and last traded at C$1.24, with a volume of 288022 shares changing hands. The stock had previously closed at C$1.22.

Meridian Mining UK Societas Price Performance

The business's fifty day moving average price is C$0.95 and its 200-day moving average price is C$0.80. The stock has a market capitalization of C$512.06 million, a PE ratio of -20.50 and a beta of 0.89.

About Meridian Mining UK Societas

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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