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Azimut Exploration (CVE:AZM) Stock Price Down 9.2% - Here's Why

Azimut Exploration logo with Basic Materials background

Azimut Exploration Inc. (CVE:AZM - Get Free Report)'s share price fell 9.2% during trading on Wednesday . The company traded as low as C$0.59 and last traded at C$0.59. 376,151 shares were traded during mid-day trading, an increase of 994% from the average session volume of 34,391 shares. The stock had previously closed at C$0.65.

Azimut Exploration Stock Performance

The business has a 50 day simple moving average of C$0.58 and a 200 day simple moving average of C$0.59. The company has a quick ratio of 5.50, a current ratio of 3.17 and a debt-to-equity ratio of 0.07. The company has a market capitalization of C$51.42 million, a PE ratio of 265.87 and a beta of 2.12.

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.

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