The stock of Arizona Mining Inc (TSE:AZ) reached all time high today, Sep, 13 and still has $2.93 target or 20.00% above today’s $2.44 share price. This indicates more upside for the $576.07M company. This technical setup was reported by Barchart.com. If the $2.93 PT is reached, the company will be worth $115.21M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 628,707 shares traded hands or 4.84% up from the average. Arizona Mining Inc (TSE:AZ) has risen 534.21% since February 5, 2016 and is uptrending. It has outperformed by 517.72% the S&P500.
Out of 2 analysts covering Arizona Mining Inc (TSE:AZ), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3.50 is the highest target while $2 is the lowest. The $2.75 average target is 12.70% above today’s ($2.44) stock price. Arizona Mining Inc has been the topic of 4 analyst reports since May 16, 2016 according to StockzIntelligence Inc.
Arizona Mining Inc., formerly AZ Mining Inc., is a Canada junior resource company. The company has a market cap of $576.07 million. The Firm is engaged in the acquisition, exploration and if warranted, development of natural mineral resource properties. It currently has negative earnings. It operates through mineral exploration and development segment.
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