Azimut Exploration (CVE:AZM) Insider Buys C$21,200.00 in Stock

Azimut Exploration Inc. (CVE:AZM) insider Jonathan Rosset acquired 26,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was acquired at an average cost of C$0.80 per share, for a total transaction of C$21,200.00. Following the transaction, the insider owned 548,000 shares of the company’s stock, valued at approximately C$438,400. The trade was a 5.08% increase in their position.

Azimut Exploration Trading Up 4.2%

Shares of Azimut Exploration stock opened at C$0.75 on Tuesday. The firm has a market cap of C$75.42 million, a PE ratio of -25.42 and a beta of 2.60. Azimut Exploration Inc. has a 1 year low of C$0.45 and a 1 year high of C$0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.17 and a quick ratio of 5.50. The stock has a fifty day moving average price of C$0.76 and a 200-day moving average price of C$0.68.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Azimut Exploration from a “buy” rating to a “hold” rating in a report on Monday, November 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

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.