Azimut Exploration (CVE:AZM) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Azimut Exploration Inc. (CVE:AZM)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.62 and traded as low as C$0.57. Azimut Exploration shares last traded at C$0.57, with a volume of 1,501 shares trading hands.

Azimut Exploration Price Performance

The company has a 50 day moving average of C$0.62 and a 200 day moving average of C$0.59. 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 stock has a market capitalization of C$48.85 million, a price-to-earnings ratio of 252.58 and a beta of 2.12.

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.