Meridian Mining UK Societas (OTCMKTS:MRRDF) Shares Up 2.9% – Here’s What Happened

Meridian Mining UK Societas (OTCMKTS:MRRDF) was up 2.9% during mid-day trading on Wednesday . The company traded as high as C$1.08 and last traded at C$1.08. Approximately 33,702 shares changed hands during trading, a decline of 19% from the average daily volume of 41,789 shares. The stock had previously closed at C$1.05.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James Financial restated an “outperform” rating on shares of Meridian Mining UK Societas in a report on Wednesday. Scotiabank started coverage on Meridian Mining UK Societas in a research report on Monday, December 15th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Meridian Mining UK Societas Stock Up 2.9%

The company’s 50 day simple moving average is C$1.09 and its two-hundred day simple moving average is C$0.84.

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. It explores for manganese, gold, copper, and tin deposits. The company holds a 100% interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. It 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.