Meridian Mining UK Societas (CVE:MNO) Stock Price Up 9.6% – Here’s Why

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

Analyst Ratings Changes

Separately, Raymond James downgraded shares of Meridian Mining UK Societas from a “strong-buy” rating to an “outperform” rating and set a C$1.50 price target for the company. in a research note on Monday, September 23rd.

Meridian Mining UK Societas Stock Performance

The firm has a 50-day moving average of C$1.03 and a 200-day moving average of C$1.03. The firm has a market capitalization of C$152.09 million and a P/E 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.