Meridian Mining UK Societas (TSE:MNO) Rating Increased to Strong-Buy at Scotiabank

Meridian Mining UK Societas (TSE:MNO) was upgraded by Scotiabank to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Meridian Mining UK Societas Price Performance

Meridian Mining UK Societas stock opened at C$1.56 on Thursday. Meridian Mining UK Societas has a 12-month low of C$0.37 and a 12-month high of C$1.67. The stock has a market capitalization of C$652.54 million, a PE ratio of -26.00 and a beta of 1.38. The firm has a 50 day simple moving average of C$1.36 and a 200-day simple moving average of C$1.05.

About Meridian Mining UK Societas

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.