Azimut Exploration (CVE:AZM) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Azimut Exploration Inc. (CVE:AZMGet Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.61 and traded as high as C$0.64. Azimut Exploration shares last traded at C$0.59, with a volume of 118,000 shares changing hands.

Azimut Exploration Trading Down 3.3%

The stock has a market cap of C$59.46 million, a price-to-earnings ratio of 6.56 and a beta of 1.16. The business’s 50 day moving average is C$0.61 and its 200 day moving average is C$0.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 5.50.

About Azimut Exploration

(Get Free Report)

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.

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