Meridian Mining UK Societas (TSE:MNO) Rating Increased to Strong-Buy at Scotiabank

Meridian Mining UK Societas (TSE:MNO) was upgraded by equities researchers at Scotiabank to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Meridian Mining UK Societas Stock Up 3.4%

TSE MNO opened at C$1.83 on Thursday. The firm has a market capitalization of C$767.61 million, a P/E ratio of -30.50 and a beta of 1.31. Meridian Mining UK Societas has a 52 week low of C$0.46 and a 52 week high of C$1.85. The company has a 50-day moving average price of C$1.59 and a 200-day moving average price of C$1.31.

About Meridian Mining UK Societas

Meridian Mining is focused on: The development and exploration of the advanced stage Cabacal VMS gold-copper project, The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabacal Hub development strategy, Regional scale exploration of the Cabacal VMS belt to expand the Cabacal Hub strategy, and Exploration in the Jauru & Araputanga Greenstone belts the above all located in the State of Mato Grosso, Brazil.