Meridian Mining UK Societas (OTCMKTS:MRRDF) Stock Short Interest Report for September

Meridian Mining UK Societas (OTCMKTS:MRRDF) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,011,045 shares, a growth of 72.3% from the September 15th total of 586,943 shares. Based on an average trading volume of 116,222 shares, the days-to-cover ratio is presently 8.7 days.

Meridian Mining UK Societas Stock Performance

OTCMKTS:MRRDF opened at C$1.49 on Thursday. The firm’s fifty day simple moving average is C$1.39 and its 200 day simple moving average is C$1.29. Meridian Mining UK Societas has a twelve month low of C$0.71 and a twelve month high of C$1.75.

Analysts Set New Price Targets

Separately, Raymond James Financial reissued an “outperform” rating on shares of Meridian Mining UK Societas in a research report on Tuesday, September 22nd. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Meridian Mining UK Societas currently has an average rating of “Buy”.

Meridian Mining UK Societas Company Profile

Meridian Mining UK Societas is a mineral exploration and development company focused on advancing copper, gold and silver projects in Brazil. The company’s activities include exploration, drilling, resource definition and technical studies aimed at identifying and developing economically viable mineral deposits.

Meridian’s principal asset is the Cabaçal copper-gold-silver project in the state of Mato Grosso, Brazil. Cabaçal is a historical volcanogenic massive sulfide mining operation that the company is evaluating through modern exploration and development programs.