Arizona Metals (TSE:AMC) Posts Quarterly Earnings Results

Arizona Metals (TSE:AMC) posted its quarterly earnings data on Friday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports.

Arizona Metals Stock Performance

Shares of TSE:AMC remained flat at C$0.18 during midday trading on Friday. The company had a trading volume of 69,989 shares, compared to its average volume of 335,086. The company has a fifty day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.37. The company has a market capitalization of C$24.80 million, a price-to-earnings ratio of -1.50 and a beta of 0.57. Arizona Metals has a fifty-two week low of C$0.12 and a fifty-two week high of C$0.84.

Wall Street Analyst Weigh In

Separately, National Bank Financial downgraded shares of Arizona Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Arizona Metals currently has a consensus rating of “Hold”.

Insider Transactions at Arizona Metals

In related news, Director Duncan Kenneth Middlemiss acquired 525,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of C$0.19 per share, for a total transaction of C$99,750.00. Following the acquisition, the director owned 790,012 shares in the company, valued at approximately C$150,102.28. This represents a 198.10% increase in their ownership of the stock.

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.