Arizona Metals Corp. (CVE:AMC – Get Free Report)’s share price traded up 3.1% during trading on Thursday . The company traded as high as C$4.05 and last traded at C$3.99. Approximately 56,916 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 186,441 shares. The stock had previously closed at C$3.87.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. National Bank Financial lowered shares of Arizona Metals from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 1st. Stifel Nicolaus downgraded shares of Arizona Metals from a “buy” rating to a “hold” rating and set a C$1.50 price objective on the stock. in a research report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$1.25.
Read Our Latest Research Report on AMC
Arizona Metals Stock Performance
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. The company was formerly known as Ring The Bell Capital Corp and changed its name to Arizona Metals Corp.
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