Shares of Azimut Exploration Inc. (CVE:AZM) shot up 22.5% during trading on Wednesday . The stock traded as high as C$0.49 and last traded at C$0.49. 266,666 shares changed hands during mid-day trading, an increase of 488% from the average session volume of 45,385 shares. The stock had previously closed at C$0.40.
The company has a market cap of $19.60 million and a PE ratio of -122.50.
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About Azimut Exploration (CVE:AZM)
Azimut Exploration Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements, as well as base metals. The company holds interests in the Kaanaayaa Property comprises 390 claims covering 200.5 square kilometers located in the James Bay region of Quebec.
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