Shares of Meridian Mining UK Societas (TSE:MNO – Get Free Report) reached a new 52-week high during trading on Friday after Scotiabank upgraded the stock to a strong-buy rating. The company traded as high as C$1.67 and last traded at C$1.67, with a volume of 899317 shares changing hands. The stock had previously closed at C$1.56.
Meridian Mining UK Societas Stock Performance
The stock has a 50-day simple moving average of C$1.36 and a 200 day simple moving average of C$1.05. The stock has a market capitalization of C$698.55 million, a P/E ratio of -27.83 and a beta of 1.38.
About Meridian Mining UK Societas
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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