Meridian Mining UK Societas (TSX:MNO) - Stock Price, News & Analysis

MNO Stock Overview

Engages in the acquisition, exploration, and development of mineral properties in Brazil.

MNO fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 98.6% below our estimate of its fair value

Earnings are forecast to grow 79.79% per year

Analysts in good agreement that stock price will rise by 386.1%

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue ($0)

Does not have a meaningful market cap (CA$108M)

Shareholders have been diluted in the past year

Meridian Mining UK Societas Competitors

International Battery Metals

CNSX:IBAT

CA$225.6m

Euro Manganese

TSXV:EMN

CA$20.1m

Nova Royalty

TSXV:NOVR

CA$148.8m

Avalon Advanced Materials

TSX:AVL

CA$31.2m

Price History & Performance

Summary of all time highs, changes and price drops for Meridian Mining UK Societas
Historical stock prices
Current Share Price	CA$0.36
52 Week High	CA$0.61
52 Week Low	CA$0.25
Beta	2.02
11 Month Change	1.41%
3 Month Change	-33.33%
1 Year Change	-5.26%
33 Year Change	-51.35%
5 Year Change	260.00%
Change since IPO	-72.09%

Here's Why We're Watching Meridian Mining UK Societas' (TSE:MNO) Cash Burn Situation

Aug 16

Recent updates

Here's Why We're Watching Meridian Mining UK Societas' (TSE:MNO) Cash Burn Situation

Aug 16

We Think Meridian Mining UK Societas (TSE:MNO) Can Afford To Drive Business Growth

Jan 10

Is Meridian Mining UK Societas (TSE:MNO) In A Good Position To Deliver On Growth Plans?

Sep 09

We're Hopeful That Meridian Mining UK Societas (TSE:MNO) Will Use Its Cash Wisely

Nov 05

We're Keeping An Eye On Meridian Mining UK Societas' (TSE:MNO) Cash Burn Rate

Jul 14

Here's Why We're Watching Meridian Mining UK Societas' (CVE:MNO) Cash Burn Situation

Mar 14

Will Meridian Mining UK Societas (CVE:MNO) Spend Its Cash Wisely?

Nov 29

Here's Why We're Not Too Worried About Meridian Mining UK Societas' (CVE:MNO) Cash Burn Situation

Aug 10

Shareholder Returns

	MNO	CA Metals and Mining	CA Market
7D	-10.0%	-7.3%	-2.3%
1Y	-5.3%	7.1%	12.5%

Return vs Industry: MNO underperformed the Canadian Metals and Mining industry which returned 7.1% over the past year.

Return vs Market: MNO underperformed the Canadian Market which returned 12.5% over the past year.

Price Volatility

Is MNO's price volatile compared to industry and market?
MNO volatility
MNO Average Weekly Movement	7.6%
Metals and Mining Industry Average Movement	10.0%
Market Average Movement	8.0%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: MNO's share price has been volatile over the past 3 months.

Volatility Over Time: MNO's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2013	73	Gilbert Clark	meridianmining.co

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, silver, and tin deposits. The company’s flagship property is the Cabaçal copper-gold project located in the state of Mato Grosso, Brazil.

Meridian Mining UK Societas Fundamentals Summary

How do Meridian Mining UK Societas's earnings and revenue compare to its market cap?
MNO fundamental statistics
Market cap	CA$108.16m
Earnings (TTM)	-CA$18.84m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-5.7x

P/E Ratio

Is MNO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MNO income statement (TTM)
Revenue	US$0
Cost of Revenue	US$62.45k
Gross Profit	-US$62.45k
Other Expenses	US$13.83m
Earnings	-US$13.89m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.046
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MNO perform over the long term?

See historical performance and comparison

MNO Stock Overview

Rewards

Risk Analysis

Meridian Mining UK Societas Competitors

CNSX:IBAT

CA$225.6m

TSXV:EMN

CA$20.1m

TSXV:NOVR

CA$148.8m

TSX:AVL

CA$31.2m

Price History & Performance

Recent News & Updates

Meridian Mining UK S Announces Further Strong Results from its Cabaçal Cu-Au-Ag Project

Here's Why We're Watching Meridian Mining UK Societas' (TSE:MNO) Cash Burn Situation

New major risk - Financial position

Meridian Mining UK. S Reports Multiple Zones of Mineralization Including 13.4m @ 4.6g/t AuEq At Cabaçal

Meridian Mining SE's 500th Drill Hole Delivers 14.3m @ 3.7 g/t AuEq from 49.0m At Santa Helena

New minor risk - Market cap size

Recent updates

Meridian Mining UK S Announces Further Strong Results from its Cabaçal Cu-Au-Ag Project

Here's Why We're Watching Meridian Mining UK Societas' (TSE:MNO) Cash Burn Situation

New major risk - Financial position

Meridian Mining UK. S Reports Multiple Zones of Mineralization Including 13.4m @ 4.6g/t AuEq At Cabaçal

Meridian Mining SE's 500th Drill Hole Delivers 14.3m @ 3.7 g/t AuEq from 49.0m At Santa Helena

New minor risk - Market cap size

Meridian Mining UK.S Provides an Update on its Drilling Activities at the Cabacal and Santa Helena Mines

Meridian Mining UK. S Reports 7Km Copper in Stream Anomaly At Its Jauru Project, Brazil

Price target decreased by 11% to CA$1.67

Meridian Mining UK Societas has completed a Follow-on Equity Offering in the amount of CAD 17.5 million.

Meridian Mining UK Societas, Annual General Meeting, Jun 04, 2024

Meridian Mining UK Societas has filed a Follow-on Equity Offering in the amount of CAD 15.001 million.

New minor risk - Financial position

Meridian Mining UK Societas Reports on Cabaçal's Met Testing, Drill Results, and Permit Update

Meridian's PFS Drill Program Returns Multiple Wide, Shallow Mineralized Intercepts at Cabaçal

Meridian Mining UK. S Announces Strong Results from Its First Bore Hole Electromagnetic Surveys at its Santa Helena High-Grade Deposit

Meridian Mining UK S Commences Cabaçal's PFS & Advances Santa Helena Resource Delineation in Expansion of the Cabaçal Belt's Hub and Spoke Strategy

We Think Meridian Mining UK Societas (TSE:MNO) Can Afford To Drive Business Growth

Price target increased by 14% to CA$2.13

Meridian Mining UK S Defines Initial Exploration Target of 3.2 - 7.3 Mt at 3.0 - 3.2g/t AuEq at Santa Helena

Meridian Mining UK Reports Further Drill Results at Santa Helena & Cabacal Deposit

Meridian Mining Uk Societas Appoints Mr. Bruce Mcleod as New Independent Director

Meridian Mining Uk S Reports Gold and Base Metal Assays Up to 6.7% Cueq At Santa Helena

Meridian Mining Uk Societas Announces Appointment of Neil Gregson as New Independent Director

Meridian Mining UK S Confirms High-Grade Gold at Santa Helena

Meridian Mining UK Societas Reports Its First Drill Results in the Santa Helena Copper, Gold, Silver and Zn Mine

Is Meridian Mining UK Societas (TSE:MNO) In A Good Position To Deliver On Growth Plans?

Meridian Mining UK Societas Announces Management Changes

Meridian Mining Appoints Erich Marques as Chief Geologist

Meridian Mining Uk Societas Announces Appointment of Mr. Douglas E. Ford as New Independent Director

Meridian Mining UK S Provides an Update on Its Programs at Cabacal

Meridian Mining UK S Announces Resignation of Gilbert Clark as Executive Chairman

Meridian Mining UK S Announces Board Changes

Meridian Mining UK Societas Provides an Update on Its Geophysical Program At Cabaçal, with A Mise-A-La-Masse Survey

Meridian Mining Provides Update on Ongoing Drill Program At Cabaçal

Meridian Mining UK Societas Provides an Update on the Uncovering of the Most Significant Copper Anomaly At the Cabaçal Project

Meridian Mining UK Societas Announces Management Changes

Meridian Mining UK Societas Reports Multiple Strong Drill Results from the Cabaçal Gold-Copper VMS Deposit

Meridian Mining UK Societas announced that it expects to receive CAD 3.2501 million in funding

Meridian Mining Uk. S Report Further Assays from Drilling At the Cabaçal Gold-Copper Vms Deposit

Price target decreased to CA$1.83

High number of new and inexperienced directors

We're Hopeful That Meridian Mining UK Societas (TSE:MNO) Will Use Its Cash Wisely

Meridian Mining UK Societas Reports Further Assays from the Cabaçal Gold-Copper VMS Deposit

Meridian Mining UK S Announces Maiden Mineral Resource Estimate for Cabaçal Deposit

Meridian Mining UK Societas Provides an Update on Its Cabaçal Mine Corridor Exploration Program

Meridian Delivers Inaugural Cabaçal Database for Third Quarter 2022 Maiden Resource Estimation

Meridian Reports Initial Metallurgical Testwork Results from Cabaçal

We're Keeping An Eye On Meridian Mining UK Societas' (TSE:MNO) Cash Burn Rate

Meridian Mining UK Societas Reports Further Significant Copper-Gold-Silver Results from Cabaçal

Meridian Mining UK S Announces Extensive Exploration Update Within the 11Km Long Cabaçal Mine Corridor

Meridian Announces Discovery of New GoldSilver System at Cabaçal

President exercised options to buy CA$391k worth of stock.

Meridian Mining UK Societas Drills Significant Visible Gold Within the Cabaçal Mine & Reports Further Northwest Extension Results

Meridian Mining Uk Societas Announces the First Results of Its Ongoing Gravity Survey over Its Espigão Copper-Gold Polymetallic Project in Rondônia, Brazil

Meridian Mining UK S Announces Assays Broadest Zone of Copper-Gold Mineralization in the CNWE

Price target increased to CA$2.25

Chief Financial Officer recently sold CA$91k worth of stock

High number of new and inexperienced directors