Meridian Mining UK Societas (OTCMKTS:MRRDF) Stock Short Interest Report for September

Meridian Mining UK Societas (OTCMKTS:MRRDF) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,011,045 shares, a growth of 72.3% from the September 15th total of 586,943 shares. Based on an average daily trading volume, of 116,222 shares, the short-interest ratio is presently 8.7 days.

Meridian Mining UK Societas Price Performance

MRRDF opened at C$1.49 on Thursday. The company has a 50-day moving average of C$1.39 and a 200-day moving average of C$1.29. Meridian Mining UK Societas has a 1-year low of C$0.71 and a 1-year high of C$1.75.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reiterated an “outperform” rating on shares of Meridian Mining UK Societas in a research note on Tuesday, September 22nd. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Meridian Mining UK Societas currently has a consensus rating of “Buy”.

About Meridian Mining UK Societas

Meridian Mining UK Societas is a mineral exploration and development company focused on advancing copper, gold and silver projects in Brazil. The company’s activities include exploration, drilling, resource definition and technical studies aimed at identifying and developing economically viable mineral deposits.

Meridian’s principal asset is the Cabaçal copper-gold-silver project in the state of Mato Grosso, Brazil. Cabaçal is a historical volcanogenic massive sulfide mining operation that the company is evaluating through modern exploration and development programs.