Duncan Kenneth Middlemiss Buys 525,000 Shares of Arizona Metals (TSE:AMC) Stock

Arizona Metals Corp. (TSE:AMC) Director Duncan Kenneth Middlemiss bought 525,000 shares of Arizona Metals stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average price of C$0.19 per share, with a total value of C$99,750.00. Following the completion of the purchase, the director owned 790,012 shares in the company, valued at C$150,102.28. This trade represents a 198.10% increase in their ownership of the stock.

Arizona Metals Price Performance

Shares of AMC traded up C$0.02 during trading hours on Monday, hitting C$0.20. The stock had a trading volume of 99,978 shares, compared to its average volume of 423,133. The firm has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.57. The firm has a market capitalization of C$27.55 million, a P/E ratio of -1.43 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.

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

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut shares of Arizona Metals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Arizona Metals currently 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.