Azimut Exploration (CVE:AZM) Hits New 12-Month Low – Should You Sell?

Azimut Exploration Inc. (CVE:AZM – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday. The company traded as low as C$0.43 and last traded at C$0.45, with a volume of 47,270 shares traded. The stock had previously closed at C$0.44.

Azimut Exploration Price Performance

The firm has a market cap of C$44.34 million, a price-to-earnings ratio of 4.89 and a beta of 1.09. The company has a quick ratio of 5.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is C$0.56 and its 200-day moving average price is C$0.67.

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. 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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