Meridian Mining UK Societas (TSE:MNO) Stock Price Up 3.9% – Should You Buy?

Meridian Mining UK Societas (TSE:MNO)’s stock price rose 3.9% during trading on Thursday . The stock traded as high as C$0.84 and last traded at C$0.80. Approximately 302,849 shares were traded during trading, a decline of 16% from the average daily volume of 362,637 shares. The stock had previously closed at C$0.77.

Analysts Set New Price Targets

Separately, Stifel Canada raised Meridian Mining UK Societas to a “strong-buy” rating in a research note on Friday, May 30th.

Meridian Mining UK Societas Stock Performance

The company has a fifty day simple moving average of C$0.74 and a two-hundred day simple moving average of C$0.57. The company has a market capitalization of C$164.20 million, a price-to-earnings ratio of -10.18 and a beta of 2.00.

About Meridian Mining UK Societas

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.