Meridian Mining UK Societas (CVE:MNO) Stock Price Up 9.6% – What’s Next?

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

Analyst Ratings Changes

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

Meridian Mining UK Societas Stock Up 9.6 %

The stock has a market capitalization of C$152.09 million and a price-to-earnings ratio of -3.30. The company’s fifty day simple moving average is C$1.03 and its 200 day simple moving average is C$1.03.

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. 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.