Azimut Exploration (CVE:AZM) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Azimut Exploration Inc. (CVE:AZMGet Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.62 and traded as low as C$0.57. Azimut Exploration shares last traded at C$0.57, with a volume of 1,501 shares traded.

Azimut Exploration Trading Up 3.5 %

The business has a 50-day simple moving average of C$0.62 and a two-hundred day simple moving average of C$0.59. The stock has a market cap of C$50.56 million, a price-to-earnings ratio of 261.44 and a beta of 2.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.17 and a quick ratio of 5.50.

About Azimut Exploration

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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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