Azimut Exploration (CVE:AZM) Stock Passes Below 50-Day Moving Average – Here’s Why

Azimut Exploration Inc. (CVE:AZMGet Free Report)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.64 and traded as low as C$0.58. Azimut Exploration shares last traded at C$0.60, with a volume of 30,700 shares traded.

Azimut Exploration Stock Down 1.6 %

The stock has a market cap of C$51.36 million, a price-to-earnings ratio of 30.00 and a beta of 2.12. The company has a current ratio of 3.73, a quick ratio of 5.50 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is C$0.63 and its two-hundred day moving average is C$0.56.

About Azimut Exploration

(Get Free Report)

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.

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