Meridian Mining UK Societas (CVE:MNO – Get Free Report) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Monday, BayStreet.CA reports. They presently have a C$1.50 target price on the stock. Raymond James’ price target would indicate a potential upside of 45.63% from the company’s current price.
Meridian Mining UK Societas Trading Up 9.6 %
CVE:MNO traded up C$0.09 during trading hours on Monday, hitting C$1.03. 247,282 shares of the stock were exchanged, compared to its average volume of 220,803. The company has a market cap of C$152.09 million and a P/E ratio of -3.30. The firm’s fifty day moving average price is C$1.03 and its 200 day moving average price is C$1.03. Meridian Mining UK Societas has a 52-week low of C$0.37 and a 52-week high of C$1.34.
About Meridian Mining UK Societas
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