Meridian Mining UK Societas (OTCMKTS:MRRDF) Sees Significant Decrease in Short Interest

Meridian Mining UK Societas (OTCMKTS:MRRDF) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 308,441 shares, a drop of 54.1% from the May 31st total of 671,731 shares. Based on an average daily volume of 35,842 shares, the short-interest ratio is presently 8.6 days.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets assumed coverage on shares of Meridian Mining UK Societas in a report on Thursday, April 23rd. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Meridian Mining UK Societas Price Performance

Shares of OTCMKTS MRRDF opened at C$1.16 on Monday. Meridian Mining UK Societas has a 12 month low of C$0.54 and a 12 month high of C$1.56. The business has a 50-day moving average of C$1.32 and a 200-day moving average of C$1.25.

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. It explores for manganese, gold, copper, and tin deposits. The company holds a 100% interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. It 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.