Insider Buying: Arizona Metals (TSE:AMC) Director Purchases C$99,750.00 in Stock

Arizona Metals Corp. (TSE:AMC) Director Duncan Kenneth Middlemiss acquired 525,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of C$0.19 per share, for a total transaction of C$99,750.00. Following the transaction, the director owned 790,012 shares of the company’s stock, valued at approximately C$150,102.28. The trade was a 198.10% increase in their position.

Arizona Metals Price Performance

Shares of Arizona Metals stock opened at C$0.21 on Thursday. The firm has a market cap of C$28.93 million, a PE ratio of -1.75 and a beta of 0.88. Arizona Metals Corp. has a 1 year low of C$0.17 and a 1 year high of C$1.52. The stock has a fifty day moving average price of C$0.42 and a 200-day moving average price of C$0.57.

Arizona Metals (TSE:AMC) last posted its quarterly earnings results on Friday, March 27th. The company reported C($0.04) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, National Bank Financial lowered shares of Arizona Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Arizona Metals Company Profile

Arizona Metals Corp is a mineral exploration company. It is engaged in gold and copper deposits. The firm’s projects are the Kay mine project and the Sugarloaf peak gold project.