Maestrano Group (LON:MNO) Stock Price Down 7.3% – Here’s Why

Maestrano Group Plc (LON:MNO)’s share price was down 7.3% during mid-day trading on Monday . The stock traded as low as GBX 86 and last traded at GBX 86. Approximately 167,168 shares traded hands during trading, a decline of 73% from the average session volume of 626,887 shares. The stock had previously closed at GBX 92.80.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 168 target price on shares of Maestrano Group in a report on Friday, June 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Maestrano Group currently has a consensus rating of “Buy” and an average target price of GBX 168.

Maestrano Group Trading Down 3.2%

The stock has a market capitalization of £408.80 million and a P/E ratio of -14.03. The firm has a 50 day moving average price of GBX 97.37. The company has a quick ratio of 3.98, a current ratio of 5.74 and a debt-to-equity ratio of 3.57.

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.