Arizona Metals (CVE:AMC) Trading 3.1% Higher – What’s Next?

Shares of Arizona Metals Corp. (CVE:AMC) shot up 3.1% on Tuesday . The company traded as high as C$4.05 and last traded at C$3.99. 56,916 shares were traded during mid-day 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 Analyst Weigh In

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

Arizona Metals Price Performance

The stock has a market capitalization of C$446.17 million and a price-to-earnings ratio of -16.49. The firm has a 50 day simple moving average of C$3.99 and a 200-day simple moving average of C$3.99.

About Arizona Metals

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.