Azimut Exploration (CVE:AZM) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Azimut Exploration Inc. (CVE:AZM) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.84 and traded as high as C$0.92. Azimut Exploration shares last traded at C$0.87, with a volume of 61,041 shares trading hands.

Analyst Upgrades and Downgrades

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

Azimut Exploration Stock Performance

The stock’s 50 day moving average is C$0.85 and its two-hundred day moving average is C$0.76. The firm has a market capitalization of C$94.69 million, a P/E ratio of -44.76 and a beta of 1.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.17 and a quick ratio of 5.50.

Insider Buying and Selling at Azimut Exploration

In other Azimut Exploration news, insider Jonathan Rosset bought 35,000 shares of Azimut Exploration stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of C$0.76 per share, for a total transaction of C$26,600.00. Following the completion of the acquisition, the insider owned 655,000 shares in the company, valued at approximately C$497,800. The trade was a 5.65% increase in their position. 16.63% of the stock is currently owned by corporate insiders.

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.