Maestrano Group (LON:MNO) Trading 2% Higher – Here’s Why

Maestrano Group Plc (LON:MNO)’s stock price was up 2% on Friday . The stock traded as high as GBX 103 and last traded at GBX 103. 193,157 shares traded hands during trading, a decline of 55% from the average daily volume of 433,944 shares. The stock had previously closed at GBX 101.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 168 target price on shares of Maestrano Group in a research note on Friday, August 14th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 120 price target on shares of Maestrano Group in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Maestrano Group presently has a consensus rating of “Buy” and a consensus target price of GBX 144.

Maestrano Group Price Performance

The firm’s 50 day moving average is GBX 86.64. The company has a debt-to-equity ratio of 3.57, a quick ratio of 3.98 and a current ratio of 5.74. The stock has a market cap of £500.08 million and a P/E ratio of -17.17.

Maestrano Group Company Profile

Meridian Mining is a gold-copper development company focused on advancing high-quality mineral projects in Brazil. The Company’s objective is to build a scalable, mid-tier mining company through the development of its flagship Cabaçal Project and broader Cabaçal VMS belt in Mato Grosso.

With a strong foundation in exploration, resource development and project advancement, Meridian is positioning itself to transition from developer to producer, supported by robust project economics and a growing portfolio of assets.