Meridian Mining UK Societas (CVE:MNO) Shares Up 9.6%

Meridian Mining UK Societas (CVE:MNOGet Rating) shot up 9.6% during trading on Thursday . The stock traded as high as C$1.07 and last traded at C$1.03. 247,282 shares were traded during mid-day trading, an increase of 12% from the average session volume of 220,803 shares. The stock had previously closed at C$0.94.

Analysts Set New Price Targets

Separately, Raymond James decreased their target price on shares of Meridian Mining UK Societas from C$1.60 to C$1.50 and set a “strong-buy” rating for the company in a research report on Tuesday, November 15th.

Meridian Mining UK Societas Stock Up 9.6 %

The firm has a market capitalization of C$152.09 million and a price-to-earnings ratio of -3.30. The firm’s 50 day moving average is C$1.03 and its 200 day moving average is C$1.03.

Meridian Mining UK Societas Company Profile

(Get Rating)

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia.

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