Meridian Mining UK Societas (TSE:MNO) Stock Price Up 2.4% – Time to Buy?

Meridian Mining UK Societas (TSE:MNOGet Free Report)’s share price rose 2.4% on Wednesday . The stock traded as high as C$1.27 and last traded at C$1.26. Approximately 475,646 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 359,303 shares. The stock had previously closed at C$1.23.

Meridian Mining UK Societas Stock Performance

The company’s 50 day moving average price is C$0.97 and its 200 day moving average price is C$0.80. The company has a market cap of C$524.54 million, a price-to-earnings ratio of -21.00 and a beta of 0.89.

Meridian Mining UK Societas Company Profile

(Get Free Report)

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.

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