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

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

Analysts Set New Price Targets

Separately, Raymond James downgraded shares of Meridian Mining UK Societas from a “strong-buy” rating to an “outperform” rating and set a C$1.50 target price on the stock. in a report on Monday, September 23rd.

Meridian Mining UK Societas Trading Up 9.6 %

The business’s 50-day simple moving average is C$1.03 and its 200-day simple moving average is C$1.03. The company has a market cap of C$152.09 million and a PE ratio of -3.30.

Meridian Mining UK Societas Company Profile

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.