Azimut Exploration (CVE:AZM) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Azimut Exploration Inc. (CVE:AZM)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.62 and traded as high as C$0.62. Azimut Exploration shares last traded at C$0.61, with a volume of 29,000 shares.

Azimut Exploration Trading Up 1.7%

The company has a market capitalization of C$61.48 million, a P/E ratio of 6.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.50 and a current ratio of 2.72. The stock has a fifty day moving average of C$0.62 and a 200 day moving average of C$0.71.

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.