Stifel Nicolaus Issues Positive Forecast for Meridian Mining UK Societas (CVE:MNO) Stock Price

Meridian Mining UK Societas (CVE:MNO) had its target price boosted by analysts at Stifel Nicolaus from C$2.50 to C$3.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 191.26% from the company’s previous close.

Meridian Mining UK Societas Stock Up 9.6%

Meridian Mining UK Societas stock traded up C$0.09 on Wednesday, hitting C$1.03. The company’s stock had a trading volume of 247,282 shares, compared to its average volume of 220,803. The firm has a market cap of C$152.09 million and a P/E ratio of -3.30. The company has a fifty day moving average price of C$1.03 and a 200-day moving average price of C$1.03. Meridian Mining UK Societas has a one year low of C$0.37 and a one year high of C$1.34.

About Meridian Mining UK Societas

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.