Duncan Kenneth Middlemiss Acquires 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 that occurred on Tuesday, May 19th. The shares were bought at an average cost of C$0.19 per share, with a total value of C$99,750.00. Following the acquisition, the director directly owned 790,012 shares in the company, valued at C$150,102.28. This trade represents a 198.10% increase in their position.

Arizona Metals Stock Performance

Shares of AMC stock opened at C$0.21 on Wednesday. The company has a market capitalization of C$28.24 million, a price-to-earnings ratio of -1.46 and a beta of 0.88. The company has a 50-day simple moving average of C$0.43 and a 200 day simple moving average of C$0.57. Arizona Metals Corp. has a 52 week low of C$0.17 and a 52 week high of C$1.52.

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

Analyst Upgrades and Downgrades

Separately, National Bank Financial downgraded Arizona Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus 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.