Meridian Mining UK Societas (CVE:MNO – Get Free Report)’s share price shot up 9.6% during trading on Thursday . The stock traded as high as C$1.07 and last traded at C$1.03. Approximately 247,282 shares traded hands during trading, an increase of 12% from the average daily volume of 220,803 shares. The stock had previously closed at C$0.94.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus lifted their target price on Meridian Mining UK Societas from C$3.00 to C$3.25 and gave the stock a “buy” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$3.25.
Read Our Latest Stock Analysis on Meridian Mining UK Societas
Meridian Mining UK Societas Stock Performance
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. 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.
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