Meridian Mining UK Societas (CVE:MNO) Trading Up 9.6% – Here’s What Happened

Meridian Mining UK Societas (CVE:MNO) traded up 9.6% during mid-day trading on Thursday . The company traded as high as C$1.07 and last traded at C$1.03. 247,282 shares were traded during mid-day trading, an increase of 12% from the average session volume of 220,803 shares. The stock had previously closed at C$0.94.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded Meridian Mining UK Societas from a “strong-buy” rating to an “outperform” rating and set a C$1.50 price objective on the stock. in a report on Monday, September 23rd.

Meridian Mining UK Societas Stock Performance

The company’s 50-day simple moving average is C$1.03 and its 200 day simple moving average is C$1.03. The company has a market cap of C$152.09 million and a PE ratio of -3.30.

About Meridian Mining UK Societas

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.