Arizona Metals (CVE:AMC) Trading Up 3.1%

Arizona Metals Corp. (CVE:AMC)’s stock price traded up 3.1% during mid-day trading on Monday . The company traded as high as C$4.05 and last traded at C$3.99. 56,915 shares traded 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.

Wall Street Analyst Weigh In

Separately, National Bankshares cut their target price on shares of Arizona Metals from C$5.50 to C$4.50 and set an “outperform” rating for the company in a research report on Monday, June 10th.

Arizona Metals Stock Performance

The firm has a 50-day moving average price of C$3.99 and a 200 day moving average price of C$3.99. The stock has a market capitalization of C$446.17 million and a P/E ratio of -16.49.

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.