Azimut Exploration (CVE:AZM) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of Azimut Exploration Inc. (CVE:AZMGet Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.70 and traded as low as C$0.68. Azimut Exploration shares last traded at C$0.68, with a volume of 900 shares changing hands.

Azimut Exploration Price Performance

The firm has a market capitalization of C$68.53 million, a PE ratio of 7.56 and a beta of 1.38. 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 firm has a 50-day simple moving average of C$0.70 and a 200-day simple moving average of C$0.76.

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. 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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