Arizona Mining Inc (TSE:AZ)’s share price rose 4.6% during mid-day trading on Monday . The stock traded as high as C$3.18 and last traded at C$3.17. Approximately 320,832 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 495,000 shares. The stock had previously closed at C$3.03.

A number of equities analysts have issued reports on AZ shares. TD Securities raised their price objective on shares of Arizona Mining from C$3.75 to C$4.25 in a research note on Thursday, August 17th. National Bank Financial lifted their target price on shares of Arizona Mining from C$3.75 to C$4.25 in a report on Friday, July 14th. Finally, DZ Bank AG reiterated a “buy” rating on shares of Arizona Mining in a research report on Thursday, June 29th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$4.21.

The company’s market capitalization is $963.27 million. The company’s 50 day moving average price is $2.92 and its 200 day moving average price is $2.92.

In related news, Director Robert Wares sold 50,000 shares of Arizona Mining stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of C$3.13, for a total value of C$156,500.00.

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Arizona Mining Company Profile

Arizona Mining Inc, formerly AZ Mining Inc, is a Canada-based junior resource company. The Company is engaged in the acquisition, exploration and if warranted, development of natural mineral resource properties. It operates through mineral exploration and development segment. It is focused on the exploration and development of Hermosa Property.

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