Meridian Mining UK Societas (TSE:MNO) Upgraded at Scotiabank

Scotiabank upgraded shares of Meridian Mining UK Societas (TSE:MNO) to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

Meridian Mining UK Societas Stock Up 7.1%

Shares of Meridian Mining UK Societas stock opened at C$1.67 on Thursday. The stock’s fifty day moving average is C$1.37 and its two-hundred day moving average is C$1.06. Meridian Mining UK Societas has a 52 week low of C$0.37 and a 52 week high of C$1.67. The company has a market capitalization of C$700.32 million, a PE ratio of -27.83 and a beta of 1.38.

Meridian Mining UK Societas Company Profile

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.