Azimut Exploration (CVE:AZM) Stock Passes Above 50-Day Moving Average – Here’s Why

Azimut Exploration Inc. (CVE:AZM) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.49 and traded as high as C$0.54. Azimut Exploration shares last traded at C$0.54, with a volume of 11,000 shares.

Azimut Exploration Stock Performance

The firm’s 50 day simple moving average is C$0.49 and its 200-day simple moving average is C$0.56. The company has a market cap of C$46.22 million, a price-to-earnings ratio of 27.00 and a beta of 2.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 5.50 and a current ratio of 3.73.

Azimut Exploration (CVE:AZM) last released its quarterly earnings data on Friday, July 19th. The mining company reported C($0.02) EPS for the quarter. The business had revenue of C$0.08 million during the quarter. Azimut Exploration had a net margin of 311.80% and a return on equity of 2.07%.

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.