Insider Buying: Azimut Exploration (CVE:AZM) Insider Purchases C$12,000.00 in Stock

Azimut Exploration Inc. (CVE:AZM) insider Jonathan Rosset acquired 20,000 shares of Azimut Exploration stock in a transaction on Monday, July 6th. The shares were bought at an average cost of C$0.60 per share, for a total transaction of C$12,000.00. Following the completion of the purchase, the insider directly owned 820,000 shares of the company’s stock, valued at C$492,000. The trade was a 2.50% increase in their ownership of the stock.

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

• On Wednesday, June 24th, Jonathan Rosset bought 25,000 shares of Azimut Exploration stock. The stock was bought at an average price of C$0.60 per share, with a total value of C$15,000.00.
• On Thursday, May 28th, Jonathan Rosset bought 5,000 shares of Azimut Exploration stock. The shares were bought at an average cost of C$0.70 per share, for a total transaction of C$3,500.00.
• On Thursday, May 28th, Jonathan Rosset purchased 10,000 shares of Azimut Exploration stock. The shares were bought at an average price of C$0.71 per share, for a total transaction of C$7,100.00.
• On Wednesday, May 27th, Jonathan Rosset acquired 35,000 shares of Azimut Exploration stock. The shares were purchased at an average price of C$0.70 per share, for a total transaction of C$24,500.00.

Azimut Exploration Trading Down 1.6%

Shares of AZM opened at C$0.60 on Thursday. The company’s fifty day simple moving average is C$0.66 and its 200-day simple moving average is C$0.74. The company has a market cap of C$60.47 million, a P/E ratio of 6.67 and a beta of 1.17. The company has a current ratio of 2.72, a quick ratio of 5.50 and a debt-to-equity ratio of 0.68. Azimut Exploration Inc. has a twelve month low of C$0.52 and a twelve month high of C$1.10.

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.