Shares of Azimut Exploration Inc. (CVE:AZM – Get Free Report) hit a new 52-week low during trading on Tuesday. The company traded as low as C$0.48 and last traded at C$0.55, with a volume of 328,316 shares trading hands. The stock had previously closed at C$0.51.
Azimut Exploration Stock Up 7.8%
The firm has a market capitalization of C$55.43 million, a price-to-earnings ratio of 6.11 and a beta of 1.09. The business’s 50-day moving average is C$0.60 and its two-hundred day moving average is C$0.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.50 and a current ratio of 2.72.
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.
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