Azimut Exploration (CVE:AZM) Hits New 52-Week Low – What’s Next?

Shares of Azimut Exploration Inc. (CVE:AZM – Get Free Report) hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$0.49 and last traded at C$0.49, with a volume of 42,589 shares traded. The stock had previously closed at C$0.49.

Azimut Exploration Trading Down 1.0%

The company has a current ratio of 2.72, a quick ratio of 5.50 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of C$0.59 and a 200 day simple moving average of C$0.63. The company has a market cap of C$49.38 million, a price-to-earnings ratio of 5.44 and a beta of 1.09.

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. Its 100% owned flagship project is the Elmer gold project located in the James Bay region. The company was incorporated in 1986 and is based in Longueuil, Canada.

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