Azarga Metals (CVE:AZR) Trading 47.4% Higher – Still a Buy?

Azarga Metals Corp. (CVE:AZRGet Free Report) shares shot up 47.4% during mid-day trading on Thursday . The stock traded as high as C$0.14 and last traded at C$0.14. 162,052 shares changed hands during trading, an increase of 1,039% from the average session volume of 14,233 shares. The stock had previously closed at C$0.10.

Azarga Metals Stock Performance

The stock’s 50 day moving average price is C$0.12 and its 200 day moving average price is C$0.09. The company has a current ratio of 0.05, a quick ratio of 0.15 and a debt-to-equity ratio of 208.67. The firm has a market cap of C$10.38 million, a PE ratio of -7.00 and a beta of -3.26.

About Azarga Metals

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Azarga Metals Corp. engages in the exploration and development of mineral resource projects. It holds interest in the Marg copper project located in the Keno Hill Silver District, Yukon Territory, Canada. The company was formerly known as European Uranium Resources Ltd. and changed its name to Azarga Metals Corp. in May 2016. Azarga Metals Corp. was incorporated in 1966 and is based in White Rock, Canada.

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