Arizona Metals (CVE:AMC) Downgraded to “Sector Perform” Rating by National Bank Financial

Arizona Metals (CVE:AMC) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Friday,BayStreet.CA reports. They presently have a C$0.25 price target on the stock, down from their prior price target of C$0.90. National Bank Financial’s price objective suggests a potential downside of 93.73% from the company’s current price.

Arizona Metals Stock Performance

CVE:AMC traded up C$0.12 during trading hours on Friday, reaching C$3.99. The stock had a trading volume of 56,916 shares, compared to its average volume of 186,441. The stock has a 50 day simple moving average of C$3.99 and a 200 day simple moving average of C$3.99. Arizona Metals has a 12-month low of C$3.42 and a 12-month high of C$6.98. The stock has a market cap of C$446.17 million and a P/E ratio of -16.49.

Arizona Metals Company Profile

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. The company was formerly known as Ring The Bell Capital Corp and changed its name to Arizona Metals Corp.