Meridian Mining UK Societas (OTCMKTS:MRRDF) Short Interest Up 62.4% in May

Meridian Mining UK Societas (OTCMKTS:MRRDF) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 587,515 shares, a growth of 62.4% from the April 30th total of 361,725 shares. Based on an average daily volume of 32,226 shares, the short-interest ratio is currently 18.2 days.

Meridian Mining UK Societas Price Performance

Meridian Mining UK Societas stock opened at C$1.38 on Thursday. Meridian Mining UK Societas has a fifty-two week low of C$0.54 and a fifty-two week high of C$1.56. The firm has a fifty day moving average price of C$1.32 and a two-hundred day moving average price of C$1.23.

Analysts Set New Price Targets

Separately, BMO Capital Markets initiated coverage on shares of Meridian Mining UK Societas in a report on Thursday, April 23rd. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

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. It explores for manganese, gold, copper, and tin deposits. The company holds a 100% interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. It also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.