Insider Buying: Azimut Exploration (CVE:AZM) Insider Acquires C$15,000.00 in Stock

Azimut Exploration Inc. (CVE:AZM) insider Jonathan Rosset purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were bought at an average price of C$0.60 per share, for a total transaction of C$15,000.00. Following the completion of the transaction, the insider directly owned 800,000 shares in the company, valued at approximately C$480,000. This trade represents a 3.23% increase in their position.

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

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

Azimut Exploration Stock Performance

CVE AZM traded down C$0.05 during trading hours on Wednesday, hitting C$0.57. The company had a trading volume of 68,115 shares, compared to its average volume of 85,175. Azimut Exploration Inc. has a fifty-two week low of C$0.52 and a fifty-two week high of C$1.10. The company has a quick ratio of 5.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of C$0.69 and a 200-day simple moving average of C$0.76. The firm has a market cap of C$57.44 million, a P/E ratio of 6.33 and a beta of 1.18.

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. 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.