Meridian Mining UK Societas (CVE:MNO) Trading 9.6% Higher – Here’s Why

Meridian Mining UK Societas (CVE:MNO)’s stock price rose 9.6% during trading on Friday . The company traded as high as C$1.07 and last traded at C$1.03. Approximately 247,282 shares traded 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.

Meridian Mining UK Societas Trading Up 9.6%

The firm has a market capitalization of C$152.09 million and a price-to-earnings ratio of -3.30. The stock’s fifty day moving average price is C$1.03 and its two-hundred day moving average price is 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. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.