Azimut Exploration (CVE:AZM) Sets New 12-Month High – Time to Buy?

Azimut Exploration Inc. (CVE:AZM)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$1.10 and last traded at C$0.99, with a volume of 236153 shares trading hands. The stock had previously closed at C$1.06.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Azimut Exploration from a “buy” rating to a “hold” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Azimut Exploration Stock Down 7.5%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.50 and a current ratio of 3.17. The firm’s fifty day simple moving average is C$0.82 and its 200 day simple moving average is C$0.74. The stock has a market capitalization of C$98.71 million, a price-to-earnings ratio of -46.67 and a beta of 3.15.

Insider Activity at Azimut Exploration

In related news, insider Jonathan Rosset acquired 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of C$0.76 per share, with a total value of C$26,600.00. Following the transaction, the insider owned 655,000 shares of the company’s stock, valued at C$497,800. The trade was a 5.65% increase in their position. 16.63% of the stock is currently owned by 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.