Scotiabank Upgrades Meridian Mining UK Societas (TSE:MNO) to “Strong-Buy”

Meridian Mining UK Societas (TSE:MNO) was upgraded by analysts at Scotiabank to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Meridian Mining UK Societas Stock Up 0.5%

TSE:MNO opened at C$1.84 on Thursday. The company has a market cap of C$771.80 million, a P/E ratio of -30.67 and a beta of 1.31. The firm’s 50 day moving average is C$1.60 and its two-hundred day moving average is C$1.32. Meridian Mining UK Societas has a fifty-two week low of C$0.46 and a fifty-two week high of C$1.87.

About Meridian Mining UK Societas

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.