Meridian Mining UK Societas (TSE:MNO) Stock Price Up 2.4% - Time to Buy?

Key Points

• Meridian Mining UK Societas's stock price rose by 2.4% on Wednesday, reaching a last traded price of C$1.26, with trading volume up 32% from average levels.
• The company has a market cap of C$524.54 million and is engaged in mining activities focused mainly in Brazil, including the Espigao manganese project and the Cabacal Project.
• Meridian Mining has a price-to-earnings ratio of -21.00, indicating potential challenges in generating profits.

Meridian Mining UK Societas (TSE:MNO - )'s share price rose 2.4% on Wednesday . The stock traded as high as C$1.27 and last traded at C$1.26. Approximately 475,646 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 359,303 shares. The stock had previously closed at C$1.23.

Meridian Mining UK Societas Stock Performance

The company's 50 day moving average price is C$0.97 and its 200 day moving average price is C$0.80. The company has a market cap of C$524.54 million, a price-to-earnings ratio of -21.00 and a beta of 0.89.

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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