Azimut Exploration (CVE:AZM) Shares Cross Above 50 Day Moving Average – What’s Next?

Azimut Exploration Inc. (CVE:AZMGet Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.61 and traded as high as C$0.64. Azimut Exploration shares last traded at C$0.59, with a volume of 118,000 shares traded.

Azimut Exploration Stock Down 3.3%

The stock has a market cap of C$59.46 million, a PE ratio of 6.56 and a beta of 1.16. The business has a 50 day simple moving average of C$0.61 and a 200 day simple moving average of C$0.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 5.50.

About Azimut Exploration

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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.

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