Scotiabank downgraded shares of Arizona Metals (TSE:AMC - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.
Arizona Metals Trading Down 5.7%
AMC stock traded down C$0.05 during mid-day trading on Monday, hitting C$0.83. 158,293 shares of the company were exchanged, compared to its average volume of 279,818. The business has a 50 day simple moving average of C$1.16 and a 200-day simple moving average of C$1.30. The stock has a market capitalization of C$111.06 million and a PE ratio of -3.48. Arizona Metals has a 1-year low of C$0.82 and a 1-year high of C$2.12.
About Arizona Metals
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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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