Meridian Mining UK Societas (TSE:MNO) Hits New 52-Week High – What’s Next?

Shares of Meridian Mining UK Societas (TSE:MNO) hit a new 52-week high on Tuesday . The company traded as high as C$1.96 and last traded at C$1.95, with a volume of 756879 shares traded. The stock had previously closed at C$1.84.

Analyst Upgrades and Downgrades

Separately, Scotiabank upgraded Meridian Mining UK Societas to a “strong-buy” rating in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Meridian Mining UK Societas Stock Up 6.0%

The company’s 50 day moving average price is C$1.61 and its 200-day moving average price is C$1.33. The stock has a market cap of C$817.94 million, a P/E ratio of -32.50 and a beta of 1.31.

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.