Meridian Mining UK Societas (CVE:MNO) Shares Up 9.6% – Should You Buy?

Meridian Mining UK Societas (CVE:MNO)’s stock price traded up 9.6% during trading on Wednesday . The stock traded as high as C$1.07 and last traded at C$1.03. 247,282 shares changed hands during trading, an increase of 12% from the average session volume of 220,803 shares. The stock had previously closed at C$0.94.

Wall Street Analyst Weigh In

Separately, Raymond James cut shares of Meridian Mining UK Societas from a “strong-buy” rating to an “outperform” rating and set a C$1.50 price target for the company. in a research report on Monday, September 23rd.

Meridian Mining UK Societas Stock Performance

The business has a 50-day moving average of C$1.03 and a 200-day moving average of C$1.03. The stock has a market capitalization of C$152.09 million and a price-to-earnings ratio of -3.30.

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.