Azimut Exploration Inc. (CVE:AZM – Get Free Report) shares shot up 13.3% on Monday . The stock traded as high as C$0.68 and last traded at C$0.68. 223,570 shares were traded during trading, an increase of 193% from the average daily volume of 76,321 shares. The stock had previously closed at C$0.60.
Azimut Exploration Stock Performance
The company has a market capitalization of C$66.51 million, a P/E ratio of 7.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.50 and a current ratio of 2.72. The business’s fifty day simple moving average is C$0.60 and its 200-day simple moving average is C$0.66.
About Azimut Exploration
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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