Meridian Mining UK Societas (CVE:MNO) Stock Price Up 9.6% – Should You Buy?

Meridian Mining UK Societas (CVE:MNO)’s stock price was up 9.6% during trading on Wednesday . The company traded as high as C$1.07 and last traded at C$1.03. Approximately 247,282 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 220,803 shares. The stock had previously closed at C$0.94.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their price objective on Meridian Mining UK Societas from C$2.50 to C$3.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Meridian Mining UK Societas currently has a consensus rating of “Buy” and a consensus price target of C$3.00.

Meridian Mining UK Societas Stock Performance

The firm has a 50 day moving average price of C$1.03 and a two-hundred day moving average price of C$1.03. The company has a market cap of C$152.09 million and a P/E ratio of -3.30.

Meridian Mining UK Societas Company Profile

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. The company explores for manganese, gold, copper, and tin deposits. It holds interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. The company also has an option to acquire a 100% interest in the Cabaçal copper-gold project located in the state of Mato Grosso; and the Mirante da Serra project located in Rondônia.