Azimut Exploration (CVE:AZM) Trading 13.3% Higher – Should You Buy?

Azimut Exploration Inc. (CVE:AZMGet Free Report)’s stock price was up 13.3% during mid-day trading on Monday . The stock traded as high as C$0.68 and last traded at C$0.68. 223,570 shares changed hands during trading, an increase of 193% from the average session volume of 76,321 shares. The stock had previously closed at C$0.60.

Azimut Exploration Price Performance

The firm has a 50 day moving average of C$0.60 and a 200-day moving average of C$0.66. The company has a current ratio of 2.72, a quick ratio of 5.50 and a debt-to-equity ratio of 0.68. The company has a market cap of C$66.51 million, a P/E ratio of 7.33 and a beta of 1.13.

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. 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.

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