Arizona Metals (TSE:AMC) Issues Quarterly Earnings Results

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

Arizona Metals Stock Down 2.8%

AMC stock opened at C$0.17 on Friday. The business has a 50 day moving average of C$0.16 and a 200 day moving average of C$0.37. The firm has a market cap of C$24.11 million, a PE ratio of -1.46 and a beta of 0.57. Arizona Metals has a twelve month low of C$0.12 and a twelve month high of C$0.84.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Duncan Kenneth Middlemiss bought 525,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of C$0.19 per share, with a total value of C$99,750.00. Following the completion of the acquisition, the director owned 790,012 shares of the company’s stock, valued at C$150,102.28. The trade was a 198.10% increase in their position.

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.