Meridian Mining UK Societas (CVE:MNO) Stock Price Up 9.6% – What’s Next?

Shares of Meridian Mining UK Societas (CVE:MNO) rose 9.6% during mid-day trading on Tuesday . The company traded as high as C$1.07 and last traded at C$1.03. Approximately 247,282 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 220,803 shares. The stock had previously closed at C$0.94.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered Meridian Mining UK Societas from a “strong-buy” rating to an “outperform” rating and set a C$1.50 price target for the company. in a research report on Monday, September 23rd.

Meridian Mining UK Societas Stock Up 9.6 %

The company has a market capitalization of C$152.09 million and a PE ratio of -3.30. The firm has a 50-day moving average of C$1.03 and a two-hundred day moving average of C$1.03.

Meridian Mining UK Societas Company Profile

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.