Arizona Metals (CVE:AMC) Downgraded to “Sector Perform” Rating by National Bank Financial

Arizona Metals (CVE:AMC) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$0.25 price target on the stock, down from their previous price target of C$0.90. National Bank Financial’s price target would indicate a potential downside of 93.73% from the company’s current price.

Arizona Metals Price Performance

Shares of AMC stock traded up C$0.12 during trading hours on Friday, reaching C$3.99. The company had a trading volume of 56,916 shares, compared to its average volume of 186,441. The business has a fifty day simple moving average of C$3.99 and a 200-day simple moving average of C$3.99. The company has a market cap of C$446.17 million and a price-to-earnings ratio of -16.49. Arizona Metals has a 12 month low of C$3.42 and a 12 month high of C$6.98.

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.