Meridian Mining UK Societas (CVE:MNO) Shares Up 9.6% – What’s Next?

Meridian Mining UK Societas (CVE:MNO)’s share price was up 9.6% on Friday . The company traded as high as C$1.07 and last traded at C$1.03. Approximately 247,282 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 220,803 shares. The stock had previously closed at C$0.94.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price objective on shares of Meridian Mining UK Societas from C$3.00 to C$3.25 and gave the company a “buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$3.25.

Meridian Mining UK Societas Stock Performance

The stock has a market cap of C$152.09 million and a PE ratio of -3.30. The business has a 50 day moving average price of C$1.03 and a two-hundred day moving average price of C$1.03.

About Meridian Mining UK Societas

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.