Meridian Mining UK Societas (TSE:MNO) Releases Quarterly Earnings Results

Meridian Mining UK Societas (TSE:MNO) posted its quarterly earnings data on Wednesday. The company reported C($0.03) earnings per share for the quarter, FiscalAI reports.

Meridian Mining UK Societas Price Performance

Shares of MNO stock opened at C$2.13 on Thursday. The stock has a market cap of C$1.03 billion, a P/E ratio of -42.60 and a beta of 1.90. Meridian Mining UK Societas has a one year low of C$0.63 and a one year high of C$2.16. The stock has a fifty day moving average price of C$1.76 and a 200 day moving average price of C$1.62.

Wall Street Analyst Weigh In

MNO has been the subject of several research reports. BMO Capital Markets raised Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, April 23rd. Scotiabank raised Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Meridian Mining UK Societas Company Profile

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.