Meridian Mining UK Societas (CVE:MNO) Stock Price Up 9.6% – Still a Buy?

Shares of Meridian Mining UK Societas (CVE:MNO) traded up 9.6% during mid-day trading on Thursday . The company traded as high as C$1.07 and last traded at C$1.03. Approximately 247,282 shares were traded during 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

Separately, Stifel Nicolaus boosted their price target on Meridian Mining UK Societas from C$3.00 to C$3.25 and gave the company a “buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$3.25.

Meridian Mining UK Societas Stock Performance

The stock has a market cap of C$152.09 million and a price-to-earnings ratio of -3.30. The business has a 50-day simple moving average of C$1.03 and a two-hundred day simple moving average of C$1.03.

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.