Meridian Mining UK Societas (OTCMKTS:MRRDF) Sees Significant Increase in Short Interest

Meridian Mining UK Societas (OTCMKTS:MRRDF) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 124,100 shares, a growth of 26.6% from the May 31st total of 98,000 shares. Based on an average daily volume of 50,700 shares, the short-interest ratio is presently 2.4 days.

Meridian Mining UK Societas Price Performance

Shares of MRRDF stock remained flat at C$0.31 during trading hours on Tuesday. The business’s 50-day moving average price is C$0.37 and its 200 day moving average price is C$0.30. Meridian Mining UK Societas has a 52 week low of C$0.20 and a 52 week high of C$0.44.

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.