Meridian Mining UK Societas (OTCMKTS:MRRDF) Trading Down 7.8% – What’s Next?

Meridian Mining UK Societas (OTCMKTS:MRRDF)’s share price was down 7.8% during trading on Thursday . The company traded as low as C$1.17 and last traded at C$1.17. Approximately 92,886 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 57,208 shares. The stock had previously closed at C$1.27.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MRRDF shares. Raymond James Financial restated an “outperform” rating on shares of Meridian Mining UK Societas in a report on Wednesday, January 14th. Scotiabank restated an “outperform” rating on shares of Meridian Mining UK Societas in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Meridian Mining UK Societas currently has a consensus rating of “Buy”.

Meridian Mining UK Societas Price Performance

The company has a 50-day simple moving average of C$1.15 and a 200 day simple moving average of C$0.90.

About Meridian Mining UK Societas

Meridian Mining UK Societas, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Brazil. It explores for manganese, gold, copper, and tin deposits. The company holds a 100% interest in the Espigão polymetallic project and the Ariquemes tin project located in Rondônia. It 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.