Azimut Exploration Inc. (OTCMKTS:AZMTF – Get Rating) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 4,100 shares, a growth of 32.3% from the August 15th total of 3,100 shares. Based on an average daily trading volume, of 2,800 shares, the short-interest ratio is presently 1.5 days.
Azimut Exploration Price Performance
Shares of AZMTF stock opened at $0.55 on Friday. The business’s fifty day simple moving average is $0.65 and its 200-day simple moving average is $0.86. Azimut Exploration has a 12-month low of $0.55 and a 12-month high of $1.83.
Analyst Upgrades and Downgrades
AZMTF has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of Azimut Exploration from €29.00 ($29.59) to €20.90 ($21.33) and set an “overweight” rating for the company in a research note on Monday, July 25th. UBS Group reduced their price target on Azimut Exploration from €21.70 ($22.14) to €21.00 ($21.43) and set a “neutral” rating on the stock in a research report on Wednesday, June 8th.
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, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements. It holds interest in the Elmer property located in the James Bay region.
- Get a free copy of the StockNews.com research report on Azimut Exploration (AZMTF)
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