Azimut Exploration Inc. (OTCMKTS:AZMTF – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 9,524 shares, an increase of 449.6% from the May 14th total of 1,733 shares. Based on an average trading volume of 15,392 shares, the days-to-cover ratio is currently 0.6 days.
Azimut Exploration Stock Down 3.7%
AZMTF stock opened at $0.48 on Wednesday. Azimut Exploration has a 12 month low of $0.39 and a 12 month high of $0.84. The firm’s 50-day moving average is $0.51 and its 200 day moving average is $0.56.
About Azimut Exploration
Azimut Exploration Inc (OTCMKTS: AZMTF) is a Canadian mineral exploration company focused on the identification and delineation of large?scale gold and base metal deposits in Quebec. The company’s primary business activities include the acquisition, exploration and development of mineral properties, with an emphasis on underexplored greenstone belts in the Abitibi region and the James Bay territory.
Azimut’s exploration model combines detailed geological mapping, multi?disciplinary geophysical surveys and systematic geochemical sampling to generate high?potential targets.
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