Meridian Mining UK Societas (CVE:MNO) Downgraded by Raymond James to “Outperform”

Raymond James lowered shares of Meridian Mining UK Societas (CVE:MNO) from a strong-buy rating to an outperform rating in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has C$1.50 target price on the stock.

Meridian Mining UK Societas Stock Performance

Shares of CVE:MNO opened at C$1.03 on Monday. Meridian Mining UK Societas has a one year low of C$0.37 and a one year high of C$1.34. The stock has a fifty day moving average of C$1.03 and a 200-day moving average of C$1.03. The company has a market capitalization of C$152.09 million and a PE ratio of -3.30.

About Meridian Mining UK Societas

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.