Meridian Mining UK Societas (TSE:MNO – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$1.78 and traded as low as C$1.66. Meridian Mining UK Societas shares last traded at C$1.67, with a volume of 490,467 shares changing hands.
Meridian Mining UK Societas Trading Down 8.2%
The firm has a market capitalization of C$813.82 million, a price-to-earnings ratio of -27.83 and a beta of 1.70. The company’s 50 day moving average is C$2.02 and its 200-day moving average is C$1.78.
About Meridian Mining UK Societas
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.
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