Azimut Exploration (CVE:AZM) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Azimut Exploration Inc. (CVE:AZMGet Free Report)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.64 and traded as low as C$0.58. Azimut Exploration shares last traded at C$0.60, with a volume of 30,700 shares trading hands.

Azimut Exploration Stock Performance

The business’s 50 day simple moving average is C$0.64 and its two-hundred day simple moving average is C$0.56. The firm has a market capitalization of C$51.36 million, a P/E ratio of 30.00 and a beta of 2.12. The company has a current ratio of 3.73, a quick ratio of 5.50 and a debt-to-equity ratio of 0.13.

Azimut Exploration Company Profile

(Get Free Report)

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.

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