Meridian Mining UK Societas (TSE:MNO) Trading Down 1.2% – Here’s What Happened

Meridian Mining UK Societas (TSE:MNO)’s share price fell 1.2% during mid-day trading on Friday . The stock traded as low as C$1.66 and last traded at C$1.67. 233,081 shares changed hands during trading, a decline of 62% from the average session volume of 614,189 shares. The stock had previously closed at C$1.69.

Analyst Ratings Changes

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

Meridian Mining UK Societas Trading Down 1.2%

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

Meridian Mining UK Societas (TSE:MNO) last released its quarterly earnings results 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.