Azimut Exploration Inc. (CVE:AZM – Get Free Report)’s share price shot up 13.3% on Monday . The stock traded as high as C$0.68 and last traded at C$0.68. 223,570 shares changed hands during mid-day trading, an increase of 193% from the average daily volume of 76,321 shares. The stock had previously closed at C$0.60.
Azimut Exploration Stock Performance
The firm has a 50 day simple moving average of C$0.60 and a 200-day simple moving average of C$0.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 5.50. The company has a market cap of C$65.51 million, a price-to-earnings ratio of 7.22 and a beta of 1.13.
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.
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