Azimut Exploration (CVE:AZM) Reaches New 12-Month High – Still a Buy?

Azimut Exploration Inc. (CVE:AZM) hit a new 52-week high during trading on Thursday . The company traded as high as C$0.91 and last traded at C$0.90, with a volume of 176180 shares. The stock had previously closed at C$0.82.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut shares of Azimut Exploration from a “buy” rating to a “hold” rating in a report on Monday, November 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Azimut Exploration currently has a consensus rating of “Hold”.

Azimut Exploration Stock Up 9.8%

The stock has a market cap of C$90.57 million, a price-to-earnings ratio of -32.14 and a beta of 3.15. The business has a fifty day moving average of C$0.76 and a 200 day moving average of C$0.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.17 and a quick ratio of 5.50.

Insider Activity at Azimut Exploration

In other Azimut Exploration news, insider Jonathan Rosset purchased 35,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average price of C$0.76 per share, for a total transaction of C$26,600.00. Following the acquisition, the insider owned 655,000 shares of the company’s stock, valued at C$497,800. This trade represents a 5.65% increase in their ownership of the stock. 16.63% of the stock is currently owned by company insiders.

Azimut Exploration Company Profile

Azimut Exploration Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for copper, gold, base metals, chromium, nickel, diamond, tellurium, bismuth, tungsten, tin, molybdenum, rhenium, indium, rare earth elements, uranium, zinc, silver, cobalt, and platinum group elements. Its 100% owned flagship project is the Elmer gold project located in the James Bay region. The company was incorporated in 1986 and is based in Longueuil, Canada.