Meridian Mining UK Societas (TSE:MNO) Trading Down 2.4% – Should You Sell?

Meridian Mining UK Societas (TSE:MNO)’s share price fell 2.4% during mid-day trading on Friday . The stock traded as low as C$1.56 and last traded at C$1.61. Approximately 332,136 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 578,208 shares. The stock had previously closed at C$1.65.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded shares of Meridian Mining UK Societas to a “strong-buy” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Meridian Mining UK Societas Price Performance

The stock has a market capitalization of C$781.68 million, a P/E ratio of -26.83 and a beta of 1.81. The firm has a 50 day moving average of C$1.80 and a 200-day moving average of C$1.72.

Meridian Mining UK Societas (TSE:MNO) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C($0.03) 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.