Azimut Exploration (CVE:AZM) Stock Price Down 8.2% - Time to Sell?

Key Points

• Azimut Exploration Inc. (CVE:AZM) shares fell by 8.2% during trading, closing at C$0.78 after hitting a low of C$0.75.
• The stock saw a trading volume increase of 62%, with approximately 67,939 shares changing hands, compared to the average daily volume of 41,952 shares.
• Azimut has a market capitalization of C$78.43 million and notable financial ratios, including a PE ratio of -26.44 and a quick ratio of 5.50.

Azimut Exploration Inc. (CVE:AZM - ) was down 8.2% during trading on Tuesday . The stock traded as low as C$0.75 and last traded at C$0.78. Approximately 67,939 shares changed hands during mid-day trading, an increase of 62% from the average daily volume of 41,952 shares. The stock had previously closed at C$0.85.

Azimut Exploration Stock Down 8.2%

The stock's 50-day moving average price is C$0.74 and its two-hundred day moving average price is C$0.64. The stock has a market capitalization of C$78.43 million, a PE ratio of -26.44 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.

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.

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