Azimut Exploration (CVE:AZM) Share Price Passes Below 50 Day Moving Average – What’s Next?

Azimut Exploration Inc. (CVE:AZMGet Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.60 and traded as low as C$0.52. Azimut Exploration shares last traded at C$0.57, with a volume of 81,500 shares changing hands.

Azimut Exploration Stock Performance

The stock has a market capitalization of C$47.13 million, a P/E ratio of 243.72 and a beta of 2.12. The company has a quick ratio of 5.50, a current ratio of 3.17 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average price of C$0.59 and a 200-day moving average price of C$0.60.

Azimut Exploration Company Profile

(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.

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