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Azimut Exploration (CVE:AZM) Share Price Passes Below Fifty Day Moving Average - Here's Why

Azimut Exploration logo with Basic Materials background

Key Points

  • Azimut Exploration Inc. stock price has fallen below its 50-day moving average of C$0.60, trading at C$0.59 with a volume of 40,000 shares.
  • The company maintains a strong liquidity position with a quick ratio of 5.50 and a current ratio of 3.17, alongside a low debt-to-equity ratio of 0.07.
  • Azimut's market capitalization stands at C$50.56 million, while it has a high price-to-earnings ratio of 261.44 indicating potential overvaluation concerns.
  • Need better tools to track Azimut Exploration? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Azimut Exploration Inc. (CVE:AZM - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.60 and traded as low as C$0.59. Azimut Exploration shares last traded at C$0.59, with a volume of 40,000 shares changing hands.

Azimut Exploration Stock Performance

The stock's 50-day moving average price is C$0.60 and its 200-day moving average price is C$0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.50 and a current ratio of 3.17. The company has a market capitalization of C$53.99 million, a price-to-earnings ratio of 279.17 and a beta of 2.12.

About Azimut Exploration

(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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