Arizona Metals (CVE:AMC) Trading 3.1% Higher – Should You Buy?

Arizona Metals Corp. (CVE:AMC) shares traded up 3.1% during mid-day trading on Wednesday . The stock traded as high as C$4.05 and last traded at C$3.99. 56,915 shares changed hands during trading, a decline of 69% from the average session volume of 186,441 shares. The stock had previously closed at C$3.87.

Arizona Metals Stock Up 3.1 %

The company’s fifty day moving average is C$3.99 and its two-hundred day moving average is C$3.99. The stock has a market cap of C$446.17 million and a price-to-earnings ratio of -16.49.

Insider Activity at Arizona Metals

In other news, Director Duncan Kenneth Middlemiss bought 79,500 shares of Arizona Metals stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of C$1.90 per share, with a total value of C$151,050.00.

About Arizona Metals

Arizona Metals Corp. operates as a mineral exploration company. The company primarily explores for copper, gold, zinc, and silver deposits. It owns 100% interests in the Kay mine project, which consists of approximately 1,300 acres of patented and BLM claims located in Yavapai County, Arizona; and the Sugarloaf Peak Gold project that comprises 4,400 acres of BLM claims situated in La Paz County, Arizona.