Azimut Exploration (CVE:AZM) Shares Up 13.4% – Time to Buy?

Azimut Exploration Inc. (CVE:AZM) shares rose 13.4% during mid-day trading on Tuesday . The stock traded as high as C$0.82 and last traded at C$0.76. Approximately 146,750 shares were traded during trading, an increase of 243% from the average daily volume of 42,755 shares. The stock had previously closed at C$0.67.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Azimut Exploration from a “buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Azimut Exploration Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.50 and a current ratio of 3.17. The firm has a market capitalization of C$75.42 million, a P/E ratio of -25.42 and a beta of 2.60. The business has a fifty day moving average of C$0.77 and a 200-day moving average of C$0.67.

Azimut Exploration Company Profile

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.