Short Interest in Meridian Mining UK Societas (OTCMKTS:MRRDF) Drops By 22.2%

Meridian Mining UK Societas (OTCMKTS:MRRDF) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 104,700 shares, a drop of 22.2% from the November 30th total of 134,500 shares. Based on an average daily volume of 27,400 shares, the short-interest ratio is currently 3.8 days.

Meridian Mining UK Societas Price Performance

Shares of MRRDF remained flat at C$0.27 during midday trading on Friday. Meridian Mining UK Societas has a fifty-two week low of C$0.20 and a fifty-two week high of C$0.44. The firm’s 50-day moving average price is C$0.31 and its 200-day moving average price is C$0.31.

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.