Meridian Mining UK Societas (TSE:MNO) Shares Up 2% – Still a Buy?

Meridian Mining UK Societas (TSE:MNOGet Free Report) rose 2% on Tuesday . The stock traded as high as C$1.61 and last traded at C$1.53. Approximately 213,692 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 544,673 shares. The stock had previously closed at C$1.50.

Analyst Ratings Changes

Separately, BMO Capital Markets raised shares of Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Check Out Our Latest Research Report on Meridian Mining UK Societas

Meridian Mining UK Societas Stock Performance

The stock has a 50 day moving average of C$1.63 and a 200-day moving average of C$1.72. The company has a market cap of C$791.39 million, a PE ratio of -27.17 and a beta of 1.83.

Meridian Mining UK Societas (TSE:MNOGet Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C($0.03) earnings per share for the quarter.

About Meridian Mining UK Societas

(Get Free Report)

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.

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