Key Points
- Insider buying: Jonathan Rosset bought 35,000 shares of Azimut Exploration at C$0.70 each, spending C$24,500. The purchase increased his holdings by 5% to 735,000 shares.
- Stock performance: Azimut Exploration shares were down 1.4% and opened at C$0.69. The stock is trading near its 50-day average of C$0.70 and below its 200-day average of C$0.76.
- Company snapshot: Azimut Exploration is a Canada-focused mineral exploration company with a market cap of C$69.54 million and a P/E ratio of 7.67. Its flagship asset is the Elmer gold project in James Bay.
Azimut Exploration Inc. (CVE:AZM - Get Free Report) insider Jonathan Rosset purchased 35,000 shares of the firm's stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of C$0.70 per share, with a total value of C$24,500.00. Following the completion of the purchase, the insider owned 735,000 shares of the company's stock, valued at C$514,500. The trade was a 5.00% increase in their position.
Azimut Exploration Trading Down 1.4%
Azimut Exploration stock opened at C$0.69 on Thursday. The stock has a 50-day moving average of C$0.70 and a two-hundred day moving average of C$0.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.50 and a current ratio of 2.72. Azimut Exploration Inc. has a one year low of C$0.52 and a one year high of C$1.10. The stock has a market cap of C$69.54 million, a PE ratio of 7.67 and a beta of 1.38.
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.
Further Reading
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