Meridian Mining UK Societas (CVE:MNO) Stock Price Up 9.6% – What’s Next?

Meridian Mining UK Societas (CVE:MNO) shot up 9.6% during trading on Wednesday . The stock traded as high as C$1.07 and last traded at C$1.03. 247,282 shares were traded during trading, an increase of 12% from the average session volume of 220,803 shares. The stock had previously closed at C$0.94.

Analyst Upgrades and Downgrades

Separately, Raymond James cut shares of Meridian Mining UK Societas from a “strong-buy” rating to an “outperform” rating and set a C$1.50 price objective on the stock. in a research report on Monday, September 23rd.

Meridian Mining UK Societas Trading Up 9.6 %

The business’s fifty day moving average price is C$1.03 and its 200-day moving average price is C$1.03. The company has a market capitalization of C$152.09 million and a P/E ratio of -3.30.

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.