Azimut Exploration (CVE:AZM) Share Price Passes Below Fifty Day Moving Average of $0.75

Shares of Azimut Exploration Inc. (CVE:AZM) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.75 and traded as low as C$0.66. Azimut Exploration shares last traded at C$0.66, with a volume of 42,615 shares trading hands.

Azimut Exploration Price Performance

The company has a market capitalization of C$56.36 million, a P/E ratio of -22.00 and a beta of 2.27. The stock’s fifty day simple moving average is C$0.75 and its 200-day simple moving average is C$0.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.14 and a quick ratio of 5.50.

Azimut Exploration (CVE:AZM) last released its earnings results on Thursday, January 25th. The mining company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$0.09 million during the quarter.

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.