Azimut Exploration (CVE:AZM) Hits New 52-Week Low – Should You Sell?

Azimut Exploration Inc. (CVE:AZM)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as C$0.47 and last traded at C$0.47, with a volume of 156,200 shares traded. The stock had previously closed at C$0.48.

Azimut Exploration Stock Performance

The company has a 50-day moving average price of C$0.57 and a two-hundred day moving average price of C$0.68. 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 stock has a market capitalization of C$47.37 million, a P/E ratio of 5.22 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.