Meridian Mining UK Societas (TSE:MNO) Posts Quarterly Earnings Results

Meridian Mining UK Societas (TSE:MNO) posted its earnings results on Wednesday. The company reported C($0.03) earnings per share (EPS) for the quarter, FiscalAI reports.

Meridian Mining UK Societas Stock Up 6.0%

Shares of MNO stock traded up C$0.12 on Wednesday, reaching C$2.13. The company’s stock had a trading volume of 572,479 shares, compared to its average volume of 632,916. Meridian Mining UK Societas has a 12-month low of C$0.63 and a 12-month high of C$2.16. The company has a market capitalization of C$1.03 billion, a P/E ratio of -42.60 and a beta of 1.90. The stock’s 50 day simple moving average is C$1.75 and its 200-day simple moving average is C$1.61.

Analyst Ratings Changes

MNO has been the topic of several recent research reports. Scotiabank upgraded Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, February 19th. BMO Capital Markets upgraded Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

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.