Azimut Exploration (CVE:AZM) Stock Price Down 13.8% – Should You Sell?

Azimut Exploration Inc. (CVE:AZM)’s stock price traded down 13.8% during trading on Monday . The company traded as low as C$0.70 and last traded at C$0.81. 600,057 shares changed hands during trading, an increase of 298% from the average session volume of 150,634 shares. The stock had previously closed at C$0.94.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Azimut Exploration from a “buy” rating to a “hold” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Azimut Exploration Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.50 and a current ratio of 3.17. The stock has a market capitalization of C$78.57 million, a PE ratio of -37.14 and a beta of 1.87. The company’s fifty day simple moving average is C$0.85 and its two-hundred day simple moving average is C$0.76.

Insider Transactions at Azimut Exploration

In other Azimut Exploration news, insider Jonathan Rosset acquired 35,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average price of C$0.76 per share, with a total value of C$26,600.00. Following the completion of the transaction, the insider directly owned 655,000 shares in the company, valued at approximately C$497,800. This trade represents a 5.65% increase in their ownership of the stock. 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.