Azimut Exploration (CVE:AZM) Shares Cross Below 50-Day Moving Average – Should You Sell?

Azimut Exploration Inc. (CVE:AZMGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.63 and traded as low as C$0.58. Azimut Exploration shares last traded at C$0.59, with a volume of 11,070 shares.

Azimut Exploration Price Performance

The business has a 50 day simple moving average of C$0.63 and a two-hundred day simple moving average of C$0.58. The firm has a market capitalization of C$50.50 million, a P/E ratio of 29.50 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 5.50 and a current ratio of 3.73.

About Azimut Exploration

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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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