Azimut Exploration (CVE:AZM) Share Price Crosses Below 50-Day Moving Average of $1.35

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Azimut Exploration Inc. (CVE:AZM) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.35 and traded as low as $1.17. Azimut Exploration shares last traded at $1.21, with a volume of 255,005 shares.

The stock has a market capitalization of $78.89 million and a price-to-earnings ratio of -64.71. The company has a quick ratio of 1.61, a current ratio of 1.63 and a debt-to-equity ratio of 2.33. The business has a 50-day simple moving average of C$1.35 and a two-hundred day simple moving average of C$0.77.

Azimut Exploration (CVE:AZM) last released its earnings results on Tuesday, December 24th. The mining company reported C$0.01 earnings per share for the quarter. The company had revenue of C$0.29 million during the quarter.

In related news, Director Jean-Charles Potvin bought 60,000 shares of Azimut Exploration stock in a transaction that occurred on Thursday, January 23rd. The stock was acquired at an average price of C$1.46 per share, for a total transaction of C$87,468.00. Following the completion of the purchase, the director now owns 768,658 shares in the company, valued at C$1,120,549.63.

About Azimut Exploration (CVE:AZM)

Azimut Exploration Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements, as well as base metals. The company holds interests in the Kaanaayaa Property comprises 390 claims covering 200.5 square kilometers located in the James Bay region of Quebec.

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