Short Interest in Meridian Mining UK Societas (OTCMKTS:MRRDF) Rises By 15.2%

Meridian Mining UK Societas (OTCMKTS:MRRDF) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 96,800 shares, an increase of 15.2% from the August 15th total of 84,000 shares. Based on an average daily volume of 36,700 shares, the short-interest ratio is presently 2.6 days.

Meridian Mining UK Societas Price Performance

MRRDF traded up C$0.01 during midday trading on Tuesday, hitting C$0.29. 170,672 shares of the company’s stock traded hands, compared to its average volume of 29,467. Meridian Mining UK Societas has a one year low of C$0.20 and a one year high of C$0.44. The stock’s fifty day simple moving average is C$0.31 and its 200-day simple moving average is C$0.32.

Meridian Mining UK Societas Company Profile

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.