Meridian Mining UK Societas (TSE:MNO) Shares Down 1.2% – What’s Next?

Shares of Meridian Mining UK Societas (TSE:MNO) dropped 1.2% on Friday . The company traded as low as C$1.66 and last traded at C$1.67. Approximately 233,081 shares were traded during trading, a decline of 62% from the average daily volume of 614,189 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

A number of research firms recently commented on MNO. BMO Capital Markets raised shares of Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, April 23rd. Scotiabank upgraded shares of Meridian Mining UK Societas to a “strong-buy” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has an average rating of “Strong Buy”.

Meridian Mining UK Societas Stock Performance

The firm’s 50-day moving average is C$1.83 and its 200 day moving average is C$1.71. The stock has a market cap of C$810.81 million, a PE ratio of -27.83 and a beta of 1.70.

Meridian Mining UK Societas (TSE:MNO) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Meridian Mining UK Societas Company Profile

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.