Arizona Metals Corp. (CVE:AMC) Director Sells C$31,856.61 in Stock

Arizona Metals Corp. (CVE:AMC) Director Rickard David Vernon sold 23,253 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$1.37, for a total value of C$31,856.61.

Arizona Metals Price Performance

AMC opened at C$3.99 on Thursday. Arizona Metals Corp. has a 1 year low of C$3.42 and a 1 year high of C$6.98. The stock’s 50 day simple moving average is C$3.99 and its 200 day simple moving average is C$3.99. The firm has a market cap of C$446.17 million and a price-to-earnings ratio of -16.49.

Wall Street Analyst Weigh In

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

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.