Azimut Exploration (CVE:AZM) Hits New 52-Week High - Here's What Happened

Key Points

• Azimut Exploration Inc. shares reached a new 52-week high of C$0.80, with the last trade at C$0.78 amid low trading volume.
• The company maintains a strong financial position with a debt-to-equity ratio of 0.07 and a current ratio of 3.17.
• Azimut is involved in the exploration of various minerals including copper, gold, and various rare earth elements in Canada.

Azimut Exploration Inc. (CVE:AZM - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.80 and last traded at C$0.78, with a volume of 3015 shares trading hands. The stock had previously closed at C$0.77.

Azimut Exploration Trading Up 2.7%

The company has a market cap of C$76.42 million, a PE ratio of -25.76 and a beta of 2.62. The stock's 50 day moving average is C$0.65 and its 200-day moving average is C$0.60. The company has a quick ratio of 5.50, a current ratio of 3.17 and a debt-to-equity ratio of 0.07.

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.