Meridian Mining UK Societas (OTCMKTS:MRRDF) Sees Large Decrease in Short Interest

Meridian Mining UK Societas (OTCMKTS:MRRDF) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 104,700 shares, a decline of 22.2% from the November 30th total of 134,500 shares. Based on an average daily volume of 27,400 shares, the days-to-cover ratio is presently 3.8 days.

Meridian Mining UK Societas Stock Performance

Shares of Meridian Mining UK Societas stock remained flat at C$0.27 on Monday. Meridian Mining UK Societas has a 52 week low of C$0.20 and a 52 week high of C$0.44. The stock’s 50-day simple moving average is C$0.31 and its 200 day simple moving average is C$0.31.

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.