Meridian Mining UK Societas (CVE:MNO – Get Free Report) 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 were traded during mid-day trading, an increase of 12% from the average session volume of 220,803 shares. The stock had previously closed at C$0.94.
Analyst Ratings Changes
Several brokerages have weighed in on MNO. Raymond James Financial upped their target price on shares of Meridian Mining UK Societas from C$2.75 to C$3.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 23rd. Stifel Nicolaus increased their target price on shares of Meridian Mining UK Societas from C$3.25 to C$4.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Meridian Mining UK Societas currently has a consensus rating of “Buy” and an average price target of C$3.50.
Check Out Our Latest Stock Analysis on Meridian Mining UK Societas
Meridian Mining UK Societas Stock Performance
The company’s fifty day simple moving average is C$1.03 and its two-hundred day simple moving average is C$1.03. The stock has a market capitalization 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. 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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