Maestrano Group (LON:MNO) Shares Down 7.7% – What’s Next?

Maestrano Group Plc (LON:MNO) was down 7.7% on Tuesday. The company traded as low as GBX 119.50 and last traded at GBX 119.50. Approximately 401,790 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 484,581 shares. The stock had previously closed at GBX 129.50.

Wall Street Analyst Weigh In

Several research firms recently commented on MNO. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 120 price target on shares of Maestrano Group in a research note on Tuesday, September 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 168 price objective on shares of Maestrano Group in a report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 144.

Maestrano Group Stock Down 7.7%

The business’s 50 day simple moving average is GBX 103.90. The company has a market cap of £582.34 million and a P/E ratio of -19.92. The company has a debt-to-equity ratio of 3.57, a current ratio of 5.74 and a quick ratio of 3.98.

About Maestrano Group

Meridian Mining is a gold-copper development company focused on advancing high-quality mineral projects in Brazil. The Company’s objective is to build a scalable, mid-tier mining company through the development of its flagship Cabaçal Project and broader Cabaçal VMS belt in Mato Grosso.

With a strong foundation in exploration, resource development and project advancement, Meridian is positioning itself to transition from developer to producer, supported by robust project economics and a growing portfolio of assets.