Azimut Exploration (CVE:AZM) Trading Down 8.5% – Here’s Why

Azimut Exploration Inc. (CVE:AZM)’s stock price traded down 8.5% during mid-day trading on Monday . The stock traded as low as C$0.65 and last traded at C$0.65. 113,500 shares traded hands during mid-day trading, an increase of 308% from the average session volume of 27,797 shares. The stock had previously closed at C$0.71.

Azimut Exploration Trading Down 8.5 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 3.73 and a quick ratio of 5.50. The stock has a market cap of C$55.64 million, a P/E ratio of 32.50 and a beta of 2.12. The business’s 50 day simple moving average is C$0.63 and its 200 day simple moving average is C$0.57.

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.