Stifel Nicolaus Issues Positive Forecast for Meridian Mining UK Societas (CVE:MNO) Stock Price

Meridian Mining UK Societas (CVE:MNO) had its price target boosted by research analysts at Stifel Nicolaus from C$2.50 to C$3.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 191.26% from the stock’s previous close.

Meridian Mining UK Societas Stock Performance

MNO traded up C$0.09 during mid-day trading on Wednesday, reaching C$1.03. The stock had a trading volume of 247,282 shares, compared to its average volume of 220,803. The stock has a market capitalization of C$152.09 million and a P/E ratio of -3.30. Meridian Mining UK Societas has a 52 week low of C$0.37 and a 52 week high of C$1.34. The firm’s fifty day simple moving average is C$1.03 and its two-hundred day simple moving average is C$1.03.

Meridian Mining UK Societas Company Profile

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. The company 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.