Azimut Exploration (CVE:AZM) Hits New 52-Week Low – Here’s Why

Azimut Exploration Inc. (CVE:AZM – Get Free Report) hit a new 52-week low during trading on Tuesday. The stock traded as low as C$0.48 and last traded at C$0.55, with a volume of 328,316 shares traded. The stock had previously closed at C$0.51.

Azimut Exploration Trading Down 3.7%

The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 5.50. The stock has a 50 day moving average of C$0.60 and a 200 day moving average of C$0.63. The firm has a market cap of C$52.41 million, a P/E ratio of 5.78 and a beta of 1.09.

About Azimut Exploration

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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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