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Meridian Mining UK Societas (TSE:MNO) Shares Down 1.7% - Here's What Happened

Meridian Mining UK Societas logo with Basic Materials background

Meridian Mining UK Societas (TSE:MNO - Get Free Report)'s share price traded down 1.7% on Thursday . The company traded as low as C$0.56 and last traded at C$0.59. 496,819 shares changed hands during trading, an increase of 34% from the average session volume of 370,097 shares. The stock had previously closed at C$0.60.

Meridian Mining UK Societas Trading Down 2.0 %

The firm has a 50-day simple moving average of C$0.53 and a 200-day simple moving average of C$0.46. The firm has a market cap of C$102.63 million, a P/E ratio of -6.36 and a beta of 2.00.

Meridian Mining UK Societas Company Profile

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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.

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