Arizona Metals (TSE:AMC) Director Purchases C$99,750.00 in Stock

Arizona Metals Corp. (TSE:AMC) Director Duncan Kenneth Middlemiss purchased 525,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of C$0.19 per share, for a total transaction of C$99,750.00. Following the transaction, the director owned 790,012 shares in the company, valued at C$150,102.28. This represents a 198.10% increase in their position.

Arizona Metals Trading Up 11.1%

TSE AMC traded up C$0.02 during trading hours on Monday, hitting C$0.20. The company’s stock had a trading volume of 99,978 shares, compared to its average volume of 423,133. Arizona Metals Corp. has a 52 week low of C$0.17 and a 52 week high of C$1.52. The company has a market capitalization of C$27.55 million, a PE ratio of -1.43 and a beta of 0.88. The company’s 50-day simple moving average is C$0.44 and its two-hundred day simple moving average is C$0.57.

Arizona Metals (TSE:AMC) last posted its earnings results on Friday, March 27th. The company reported C($0.04) EPS for the quarter.

Analysts Set New Price Targets

Separately, National Bank Financial cut shares of Arizona Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Arizona Metals

Arizona Metals Corp is a mineral exploration company. It is engaged in gold and copper deposits. The firm’s projects are the Kay mine project and the Sugarloaf peak gold project.