Key Points
- Director Duncan Kenneth Middlemiss bought 525,000 shares of Arizona Metals at C$0.19 each, a transaction worth C$99,750. After the purchase, his direct holdings rose to 790,012 shares, a 198.1% increase in ownership.
- Arizona Metals shares were trading near C$0.21, well below their 50-day moving average of C$0.43 and 200-day moving average of C$0.57. The stock has ranged from a one-year low of C$0.17 to a high of C$1.52.
- The company recently reported a quarterly loss of C($0.04) per share, and National Bank Financial downgraded the stock from strong-buy to hold. MarketBeat says the consensus analyst rating is now Hold.
Arizona Metals Corp. (TSE:AMC - Get Free Report) Director Duncan Kenneth Middlemiss bought 525,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of C$0.19 per share, for a total transaction of C$99,750.00. Following the completion of the purchase, the director directly 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 Price Performance
Shares of TSE:AMC opened at C$0.21 on Tuesday. The firm has a fifty day moving average price of C$0.43 and a two-hundred day moving average price of C$0.57. The company has a market cap of C$28.24 million, a price-to-earnings ratio of -1.46 and a beta of 0.88. Arizona Metals Corp. has a one year low of C$0.17 and a one year high of C$1.52.
Arizona Metals (TSE:AMC - Get Free Report) last released its quarterly earnings results on Friday, March 27th. The company reported C($0.04) earnings per share for the quarter.
Analyst Ratings Changes
Separately, National Bank Financial cut Arizona Metals from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold".
Read Our Latest Stock Analysis on AMC
Arizona Metals Company Profile
(
Get Free Report)
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.
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