Insider Buying: Azimut Exploration (CVE:AZM) Insider Buys C$18,000.00 in Stock

Azimut Exploration Inc. (CVE:AZM) insider Jonathan Rosset bought 40,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was purchased at an average cost of C$0.45 per share, with a total value of C$18,000.00. Following the completion of the acquisition, the insider directly owned 1,000,000 shares of the company’s stock, valued at approximately C$450,000. The trade was a 4.17% increase in their position.

Jonathan Rosset also recently made the following trade(s):

• On Wednesday, October 14th, Jonathan Rosset bought 30,000 shares of Azimut Exploration stock. The stock was purchased at an average price of C$0.51 per share, for a total transaction of C$15,300.00.

Azimut Exploration Stock Up 1.1%

Shares of CVE:AZM traded up C$0.01 during trading on Thursday, reaching C$0.45. 12,614 shares of the stock traded hands, compared to its average volume of 79,019. The stock has a 50-day moving average of C$0.55 and a two-hundred day moving average of C$0.67. Azimut Exploration Inc. has a 52-week low of C$0.43 and a 52-week high of C$1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.50 and a current ratio of 2.72. The stock has a market cap of C$45.35 million, a P/E ratio of 5.00 and a beta of 1.09.

About Azimut Exploration

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.