Azimut Exploration (CVE:AZM) Shares Cross Above Fifty Day Moving Average – Here’s Why

Azimut Exploration Inc. (CVE:AZM)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.62 and traded as high as C$0.62. Azimut Exploration shares last traded at C$0.61, with a volume of 29,000 shares traded.

Azimut Exploration Stock Up 1.6%

The company’s 50 day moving average price is C$0.62 and its two-hundred day moving average price is C$0.71. The company has a quick ratio of 5.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock has a market cap of C$62.48 million, a P/E ratio of 6.89 and a beta of 1.16.

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.