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

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

Meridian Mining UK Societas Stock Down 1.6%

Shares of TSE MNO traded down C$0.03 on Thursday, hitting C$1.80. The company had a trading volume of 262,799 shares, compared to its average volume of 748,497. The firm has a market capitalization of C$755.02 million, a P/E ratio of -30.00 and a beta of 1.31. The business has a 50 day moving average of C$1.59 and a two-hundred day moving average of C$1.31. Meridian Mining UK Societas has a 12-month low of C$0.46 and a 12-month high of C$1.87.

About Meridian Mining UK Societas

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.