Arizona Metals (CVE:AMC) Stock Price Up 3.1% – Should You Buy?

Arizona Metals Corp. (CVE:AMC) shares shot up 3.1% during mid-day trading on Wednesday . The company traded as high as C$4.05 and last traded at C$3.99. 56,916 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 186,441 shares. The stock had previously closed at C$3.87.

Analyst Ratings Changes

Several equities analysts have recently commented on AMC shares. BMO Capital Markets reduced their target price on Arizona Metals from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. National Bankshares reduced their price objective on shares of Arizona Metals from C$4.00 to C$3.75 and set an “outperform” rating on the stock in a research note on Monday, December 30th.

Arizona Metals Price Performance

The company has a fifty day moving average of C$3.99 and a two-hundred day moving average of C$3.99. The stock has a market capitalization of C$446.17 million and a P/E ratio of -16.49.

Insider Transactions at Arizona Metals

In other news, Director Rickard David Vernon sold 23,253 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$1.37, for a total value of C$31,856.61.

About Arizona Metals

Arizona Metals Corp. operates as a mineral exploration company. The company primarily explores for copper, gold, zinc, and silver deposits. It owns 100% interests in the Kay mine project, which consists of approximately 1,300 acres of patented and BLM claims located in Yavapai County, Arizona; and the Sugarloaf Peak Gold project that comprises 4,400 acres of BLM claims situated in La Paz County, Arizona.