Azimut Exploration (CVE:AZM) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Azimut Exploration Inc. (CVE:AZM) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.82 and traded as low as C$0.68. Azimut Exploration shares last traded at C$0.70, with a volume of 8,069 shares.

Azimut Exploration Stock Up 1.4%

The stock has a market capitalization of C$70.51 million, a PE ratio of -33.33 and a beta of 1.26. The company has a current ratio of 2.83, a quick ratio of 5.50 and a debt-to-equity ratio of 1.38. The company’s 50-day moving average is C$0.82 and its 200 day moving average is C$0.79.

Insider Transactions at Azimut Exploration

In related news, insider Jonathan Rosset purchased 35,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of C$0.76 per share, for a total transaction of C$26,600.00. Following the purchase, the insider owned 655,000 shares of the company’s stock, valued at C$497,800. This trade represents a 5.65% increase in their position. Insiders own 16.63% of the company’s stock.

About Azimut Exploration

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.