Meridian Mining UK Societas (TSE:MNO) Rating Increased to Strong-Buy at Scotiabank

Scotiabank upgraded shares of Meridian Mining UK Societas (TSE:MNO) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Meridian Mining UK Societas Stock Up 8.3%

Shares of MNO stock opened at C$1.56 on Thursday. The stock has a market cap of C$652.54 million, a P/E ratio of -26.00 and a beta of 1.38. Meridian Mining UK Societas has a fifty-two week low of C$0.37 and a fifty-two week high of C$1.67. The business has a fifty day simple moving average of C$1.36 and a 200-day simple moving average of C$1.05.

Meridian Mining UK Societas Company Profile

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.