Meridian Mining UK Societas (OTCMKTS:MRRDF) Short Interest Update

Meridian Mining UK Societas (OTCMKTS:MRRDF) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 586,943 shares, a decrease of 37.5% from the August 31st total of 938,431 shares. Based on an average daily volume of 40,546 shares, the short-interest ratio is currently 14.5 days.

Meridian Mining UK Societas Price Performance

OTCMKTS MRRDF traded up C$0.07 during trading hours on Thursday, reaching C$1.62. 15,000 shares of the company’s stock were exchanged, compared to its average volume of 43,030. The company’s 50-day moving average is C$1.28 and its two-hundred day moving average is C$1.26. Meridian Mining UK Societas has a one year low of C$0.71 and a one year high of C$1.72.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reissued an “outperform” rating on shares of Meridian Mining UK Societas in a research report on Tuesday, September 22nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

About Meridian Mining UK Societas

Meridian Mining UK Societas is a mineral exploration and development company focused on advancing copper, gold and silver projects in Brazil. The company’s activities include exploration, drilling, resource definition and technical studies aimed at identifying and developing economically viable mineral deposits.

Meridian’s principal asset is the Cabaçal copper-gold-silver project in the state of Mato Grosso, Brazil. Cabaçal is a historical volcanogenic massive sulfide mining operation that the company is evaluating through modern exploration and development programs.