Azimut Exploration (CVE:AZM) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Azimut Exploration Inc. (CVE:AZMGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.51 and traded as high as C$0.57. Azimut Exploration shares last traded at C$0.57, with a volume of 37,000 shares trading hands.

Azimut Exploration Stock Down 1.7 %

The company has a quick ratio of 5.50, a current ratio of 3.73 and a debt-to-equity ratio of 0.13. The stock has a market cap of C$48.79 million, a P/E ratio of 28.50 and a beta of 2.12. The company has a 50-day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.56.

Azimut Exploration (CVE:AZMGet Free Report) last posted its quarterly earnings results on Friday, July 19th. The mining company reported C($0.02) EPS for the quarter. The firm had revenue of C$0.08 million for the quarter. Azimut Exploration had a net margin of 311.80% and a return on equity of 2.07%.

Azimut Exploration Company Profile

(Get Free Report)

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.

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