Meridian Mining UK Societas (TSE:MNO) Sets New 12-Month High - Here's What Happened

Key Points

• Meridian Mining UK Societas' share price reached a new 52-week high of C$1.25, reflecting a notable increase from its previous close of C$1.22.
• The company has a market capitalization of C$503.73 million and operates in the mining sector, focusing on projects in Brazil, including the Espigao manganese project and the Cabacal Project.
• The stock has a PE ratio of -20.17 and a beta of 0.77, indicating lower volatility relative to the market.

Meridian Mining UK Societas (TSE:MNO - )'s share price hit a new 52-week high on Wednesday . The stock traded as high as C$1.25 and last traded at C$1.25, with a volume of 131301 shares. The stock had previously closed at C$1.22.

Meridian Mining UK Societas Trading Down 0.8%

The firm has a market cap of C$503.73 million, a PE ratio of -20.17 and a beta of 0.77. The firm's 50 day simple moving average is C$0.92 and its 200 day simple moving average is C$0.78.

Meridian Mining UK Societas Company Profile

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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