Meridian Mining UK Societas (TSE:MNO) Sets New 52-Week High – What’s Next?

Meridian Mining UK Societas (TSE:MNO) reached a new 52-week high during trading on Tuesday . The company traded as high as C$1.72 and last traded at C$1.67, with a volume of 1200988 shares changing hands. The stock had previously closed at C$1.64.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised shares of Meridian Mining UK Societas to a “strong-buy” rating in a research note on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Meridian Mining UK Societas Stock Performance

The company has a market cap of C$700.49 million, a PE ratio of -27.83 and a beta of 1.41. The company has a fifty day moving average of C$1.54 and a two-hundred day moving average of C$1.20.

About Meridian Mining UK Societas

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.