Shares of Meridian Mining UK Societas (TSE:MNO - Get Free Report) shot up 3.9% during trading on Thursday . The stock traded as high as C$0.84 and last traded at C$0.80. 302,849 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 362,637 shares. The stock had previously closed at C$0.77.
Wall Street Analyst Weigh In
Separately, Stifel Canada raised Meridian Mining UK Societas to a "strong-buy" rating in a research note on Friday, May 30th.
Get Our Latest Stock Report on MNO
Meridian Mining UK Societas Price Performance
The business's 50-day moving average price is C$0.74 and its 200 day moving average price is C$0.57. The firm has a market capitalization of C$153.94 million, a price-to-earnings ratio of -9.55 and a beta of 2.00.
About Meridian Mining UK Societas
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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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