Meridian Mining UK Societas (CVE:MNO) Trading Up 9.6% – What’s Next?

Meridian Mining UK Societas (CVE:MNO)’s stock price shot 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. 247,282 shares were traded during mid-day 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 lifted their target price on Meridian Mining UK Societas from C$3.00 to C$3.25 and gave the stock a “buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$3.25.

Meridian Mining UK Societas Price Performance

The stock’s 50 day simple moving average is C$1.03 and its two-hundred day simple moving average is C$1.03. The stock has a market capitalization of C$152.09 million and a PE 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.