Azarga Metals (CVE:AZR) Stock Price Down 23.7% – Here’s Why

Azarga Metals Corp. (CVE:AZR – Get Free Report)’s share price dropped 23.7% during trading on Friday. The company traded as low as C$0.14 and last traded at C$0.14. 105,750 shares traded hands during trading, an increase of 451% from the average daily volume of 19,203 shares. The stock had previously closed at C$0.19.

Azarga Metals Price Performance

The stock’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.16. The stock has a market capitalization of C$13.25 million, a PE ratio of -14.50 and a beta of -2.60. The company has a debt-to-equity ratio of 208.67, a current ratio of 0.05 and a quick ratio of 0.15.

About Azarga Metals

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Azarga Metals Corp. engages in the exploration and development of mineral resource projects. It holds interest in the Marg copper project located in the Keno Hill Silver District, Yukon Territory, Canada. The company was formerly known as European Uranium Resources Ltd. and changed its name to Azarga Metals Corp. in May 2016. Azarga Metals Corp. was incorporated in 1966 and is based in White Rock, Canada.

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