Azimut Exploration (CVE:AZM) Reaches New 1-Year High - Here's Why

Key Points

• Azimut Exploration Inc.'s stock reached a new 52-week high of C$0.92 during trading, closing at C$0.86 with a trading volume of 346,320 shares.
• The company has a market capitalization of C$86.48 million and maintains strong liquidity ratios with a quick ratio of 5.50 and a current ratio of 3.17.
• Azimut focuses on the acquisition and exploration of diverse mineral properties in Canada, targeting resources like gold, copper, and rare earth elements.

Azimut Exploration Inc. (CVE:AZM - )'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$0.92 and last traded at C$0.86, with a volume of 346320 shares. The stock had previously closed at C$0.83.

Azimut Exploration Price Performance

The business's 50-day moving average price is C$0.72 and its 200 day moving average price is C$0.62. The stock has a market capitalization of C$86.48 million, a PE ratio of -29.15 and a beta of 2.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.50 and a current ratio of 3.17.

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.

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