Meridian Mining UK Societas (TSE:MNO) Sets New 1-Year High – Should You Buy?

Meridian Mining UK Societas (TSE:MNO)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$1.72 and last traded at C$1.67, with a volume of 1200988 shares traded. The stock had previously closed at C$1.64.

Analyst Upgrades and Downgrades

Separately, Scotiabank upgraded Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Meridian Mining UK Societas Stock Up 1.8%

The stock has a market cap of C$700.49 million, a PE ratio of -27.83 and a beta of 1.41. The firm has a 50 day moving average price of C$1.54 and a 200 day moving average price of C$1.20.

Meridian Mining UK Societas Company Profile

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.