Meridian Mining UK Societas (CVE:MNO) Trading Up 9.6% – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, Raymond James lowered 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 note on Monday, September 23rd.

Meridian Mining UK Societas Price Performance

The firm has a fifty day moving average of C$1.03 and a 200 day moving average of C$1.03. The stock has a market cap of C$152.09 million and a price-to-earnings ratio of -3.30.

About Meridian Mining UK Societas

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.