Azimut Exploration (CVE:AZM) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Azimut Exploration's share price fell below its 200-day moving average of C$0.78, trading as low as C$0.67 and last at C$0.68 on volume of 87,320 shares, a decline of about 2.9%.
• The company has a market capitalization of C$68.53 million, a P/E of 7.56, and solid liquidity metrics (current ratio 2.72, quick ratio 5.50) with a debt-to-equity ratio of 0.68.
• Azimut is a Canadian mineral exploration firm targeting numerous metals and its 100% owned Elmer gold project in the James Bay region is the flagship asset.

Azimut Exploration Inc. (CVE:AZM - )'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.78 and traded as low as C$0.67. Azimut Exploration shares last traded at C$0.68, with a volume of 87,320 shares.

Azimut Exploration Stock Down 2.9%

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 business has a 50 day moving average price of C$0.73 and a 200 day moving average price of C$0.78. The firm has a market capitalization of C$68.53 million, a P/E ratio of 7.56 and a beta of 1.30.

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. 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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