Meridian Mining UK Societas (TSE:MNO) Trading 2.4% Higher - Here's What Happened

Key Points

• Meridian Mining UK Societas shares increased by 2.4%, trading at C$1.26 after reaching a high of C$1.27 during the day.
• The company's market capitalization stands at C$524.54 million, with a PE ratio of -21.00.
• Meridian focuses on mining and exploration in Brazil, primarily the Espigao manganese project and the Ariquemes tin JV area.

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

Meridian Mining UK Societas Trading Up 2.4%

The firm's fifty day moving average price is C$0.97 and its 200 day moving average price is C$0.80. The firm has a market capitalization of C$524.54 million, a PE 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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