Azimut Exploration (CVE:AZM) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Azimut Exploration Inc. (CVE:AZM) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.84 and traded as high as C$0.92. Azimut Exploration shares last traded at C$0.87, with a volume of 61,041 shares traded.

Analysts Set New Price Targets

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

Azimut Exploration Stock Performance

The company has a market capitalization of C$94.69 million, a price-to-earnings ratio of -44.76 and a beta of 1.87. The company has a current ratio of 3.17, a quick ratio of 5.50 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of C$0.85 and a 200-day simple moving average of C$0.76.

Insider Activity at Azimut Exploration

In other Azimut Exploration news, insider Jonathan Rosset bought 35,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of C$0.76 per share, with a total value of C$26,600.00. Following the completion of the acquisition, the insider directly owned 655,000 shares of the company’s stock, valued at approximately C$497,800. The trade was a 5.65% increase in their position. Company insiders own 16.63% of the company’s stock.

Azimut Exploration Company Profile

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.