Azimut Exploration (CVE:AZM) Insider Purchases C$26,600.00 in Stock

Azimut Exploration Inc. (CVE:AZM) insider Jonathan Rosset purchased 35,000 shares of Azimut Exploration stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of C$0.76 per share, with a total value of C$26,600.00. Following the transaction, the insider owned 655,000 shares in the company, valued at approximately C$497,800. The trade was a 5.65% increase in their ownership of the stock.

Jonathan Rosset also recently made the following trade(s):

• On Wednesday, October 29th, Jonathan Rosset acquired 26,500 shares of Azimut Exploration stock. The stock was purchased at an average cost of C$0.80 per share, with a total value of C$21,200.00.

Azimut Exploration Stock Performance

Shares of AZM stock traded down C$0.01 during trading on Wednesday, reaching C$0.76. 148,200 shares of the company’s stock were exchanged, compared to its average volume of 48,015. The firm’s fifty day moving average price is C$0.76 and its 200-day moving average price is C$0.71. Azimut Exploration Inc. has a twelve month low of C$0.45 and a twelve month high of C$0.92. The stock has a market capitalization of C$76.48 million, a PE ratio of -27.14 and a beta of 2.52. The company has a quick ratio of 5.50, a current ratio of 3.17 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut shares of Azimut Exploration from a “buy” rating to a “hold” rating in a research report on Monday, November 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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. 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.