Meridian Mining UK Societas (TSE:MNO) Hits New 52-Week High – Here’s Why

Meridian Mining UK Societas (TSE:MNO)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$1.79 and last traded at C$1.77, with a volume of 1025135 shares. The stock had previously closed at C$1.65.

Wall Street Analyst Weigh In

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

Meridian Mining UK Societas Stock Performance

The company has a market cap of C$742.44 million, a P/E ratio of -29.50 and a beta of 1.31. The firm has a 50 day moving average price of C$1.59 and a two-hundred day moving average price of C$1.30.

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.