Shares of Arizona Mining Inc. (TSE:AZ) were down 4% during trading on Thursday . The company traded as low as C$3.12 and last traded at C$3.13. Approximately 167,864 shares traded hands during trading, a decline of 72% from the average daily volume of 594,504 shares. The stock had previously closed at C$3.26.

Separately, TD Securities upped their price objective on Arizona Mining from C$3.75 to C$4.25 in a report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Arizona Mining has a consensus rating of “Buy” and a consensus target price of C$4.17.

In other Arizona Mining news, insider Thomas S. Whelan bought 10,000 shares of the stock in a transaction dated Wednesday, October 4th. The stock was bought at an average cost of C$3.46 per share, for a total transaction of C$34,600.00. Also, insider Thomas S. Whelan bought 20,000 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were acquired at an average price of C$3.21 per share, with a total value of C$64,200.00. Over the last quarter, insiders purchased 50,000 shares of company stock valued at $169,700.

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Arizona Mining Company Profile

Arizona Mining Inc, formerly AZ Mining Inc, is a Canada-based junior resource company. The Company is engaged in the acquisition, exploration and if warranted, development of natural mineral resource properties. It operates through mineral exploration and development segment. It is focused on the exploration and development of Hermosa Property.

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