Arizona Metals (CVE:AMC) Stock Price Up 3.1% – Here’s What Happened

Arizona Metals Corp. (CVE:AMC) shot 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 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 Analysts Forecast Growth

AMC has been the subject of several recent research reports. National Bank Financial lowered shares of Arizona Metals from an “outperform” rating to a “sector perform” rating in a 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 for the company. in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$1.25.

Arizona Metals Trading Up 3.1%

The stock has a market cap of C$446.17 million and a PE ratio of -16.49. The business’s 50-day moving average price is C$3.99 and its 200-day moving average price is C$3.99.

Arizona Metals Company Profile

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.