Meridian Mining UK Societas (CVE:MNO) Given New C$3.25 Price Target at Stifel Nicolaus

Meridian Mining UK Societas (CVE:MNO) had its target price increased by stock analysts at Stifel Nicolaus from C$3.00 to C$3.25 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 215.53% from the company’s previous close.

Meridian Mining UK Societas Trading Up 9.6%

CVE:MNO traded up C$0.09 during trading hours on Thursday, hitting C$1.03. The company had a trading volume of 247,282 shares, compared to its average volume of 220,803. Meridian Mining UK Societas has a 1 year low of C$0.37 and a 1 year high of C$1.34. The company has a 50-day moving average of C$1.03 and a 200 day moving average of C$1.03. The company has a market cap of C$152.09 million and a P/E 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.