Azarga Metals (CVE:AZR) Shares Up 38.5% – Here’s Why

Azarga Metals Corp. (CVE:AZR) shares were up 38.5% during mid-day trading on Friday . The stock traded as high as C$0.11 and last traded at C$0.09. Approximately 173,000 shares changed hands during trading, an increase of 1,506% from the average daily volume of 10,774 shares. The stock had previously closed at C$0.07.

Azarga Metals Stock Up 38.5%

The company has a debt-to-equity ratio of 208.67, a current ratio of 0.05 and a quick ratio of 0.15. The stock has a market capitalization of C$6.74 million, a P/E ratio of -7.00 and a beta of -2.90. The firm has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.06.

Azarga Metals Company Profile

Azarga Metals Corp. engages in the exploration and development of mineral resource projects. It holds interest in the Marg copper project located in the Keno Hill Silver District, Yukon Territory, Canada. The company was formerly known as European Uranium Resources Ltd. and changed its name to Azarga Metals Corp.