Meridian Mining UK Societas (TSE:MNO) Sets New 12-Month High – Should You Buy?

Shares of Meridian Mining UK Societas (TSE:MNO) reached a new 52-week high on Wednesday . The company traded as high as C$1.79 and last traded at C$1.77, with a volume of 1025135 shares changing hands. The stock had previously closed at C$1.65.

Wall Street Analyst Weigh In

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

Meridian Mining UK Societas Stock Performance

The business has a 50 day simple moving average of C$1.59 and a two-hundred day simple moving average of C$1.30. The firm has a market capitalization of C$742.44 million, a P/E ratio of -29.50 and a beta of 1.31.

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.