Meridian Mining UK Societas (TSE:MNO) Shares Up 5.7% – Here’s Why

Shares of Meridian Mining UK Societas (TSE:MNOGet Free Report) were up 5.7% during trading on Friday . The company traded as high as C$1.31 and last traded at C$1.29. Approximately 273,075 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 380,044 shares. The stock had previously closed at C$1.22.

Meridian Mining UK Societas Trading Up 5.7%

The company has a market capitalization of C$537.03 million, a P/E ratio of -21.50 and a beta of 0.89. The business has a 50 day moving average price of C$1.09 and a 200 day moving average price of C$0.87.

Meridian Mining UK Societas Company Profile

(Get Free Report)

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.

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