Azimut Exploration Inc. (OTCMKTS:AZMTF – Get Free Report) shares dropped 4.9% during trading on Friday. The company traded as low as $0.3139 and last traded at $0.3188. 17,100 shares traded hands during trading, a decline of 35% from the average daily volume of 26,313 shares. The stock had previously closed at $0.3353.
Azimut Exploration Trading Down 4.9%
The firm has a fifty day moving average of $0.40 and a 200-day moving average of $0.49.
About Azimut Exploration
Azimut Exploration Inc is a Canadian mineral exploration company focused on discovering and advancing mineral properties in Quebec. The company uses regional-scale geological analysis and its proprietary AZtechMine targeting methodology to identify prospective areas for exploration.
Azimut’s exploration portfolio includes projects prospective for gold, copper, nickel, and other base and critical metals. Its activities generally include geological mapping, geochemical and geophysical surveys, drilling, and related evaluation work designed to assess the mineral potential of its properties.
The company’s projects are located primarily in Quebec, including areas within the James Bay region and other mineral exploration districts.
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