Arizona Mining Inc (TSE:AZ)’s share price rose 3.4% during mid-day trading on Tuesday . The stock traded as high as C$3.37 and last traded at C$3.36. Approximately 476,349 shares changed hands during trading, a decline of 9% from the average daily volume of 525,543 shares. The stock had previously closed at C$3.25.

AZ has been the topic of a number of recent research reports. TD Securities raised their target price on Arizona Mining from C$3.75 to C$4.25 in a research note on Thursday, August 17th. National Bank Financial raised their target price on Arizona Mining from C$3.75 to C$4.25 in a research note on Friday, July 14th. Finally, DZ Bank AG reiterated a “buy” rating on shares of Arizona Mining in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Arizona Mining currently has a consensus rating of “Buy” and a consensus target price of C$4.21.

The stock’s market cap is $1.02 billion. The stock has a 50-day moving average price of $3.19 and a 200-day moving average price of $3.19.

In related news, Director Robert Wares sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of C$3.13, for a total value of C$156,500.00. Also, insider Thomas S. Whelan acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was bought at an average price of C$3.55 per share, with a total value of C$35,500.00. Insiders purchased 50,000 shares of company stock valued at $169,700 in the last quarter.

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About Arizona Mining

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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