Arizona Metals (CVE:AMC) Shares Up 3.1% – Still a Buy?

Arizona Metals Corp. (CVE:AMC)’s share price shot up 3.1% during trading on Friday . The stock traded as high as C$4.05 and last traded at C$3.99. 56,916 shares were traded during trading, a decline of 69% from the average session volume of 186,441 shares. The stock had previously closed at C$3.87.

Arizona Metals Price Performance

The company has a 50 day moving average price of C$3.99 and a 200 day moving average price of C$3.99. The firm has a market cap of C$446.17 million and a PE ratio of -16.49.

Insider Transactions at Arizona Metals

In related news, Director Rickard David Vernon sold 23,253 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of C$1.37, for a total transaction 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.