Azarga Metals (CVE:AZR) Shares Up 38.5% – What’s Next?

Azarga Metals Corp. (CVE:AZR)’s stock price shot up 38.5% during mid-day trading on Friday . The company traded as high as C$0.11 and last traded at C$0.09. 173,000 shares changed hands during mid-day trading, an increase of 1,506% from the average session volume of 10,774 shares. The stock had previously closed at C$0.07.

Azarga Metals Trading Up 38.5%

The business has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.06. The company has a current ratio of 0.05, a quick ratio of 0.15 and a debt-to-equity ratio of 208.67. The stock has a market capitalization of C$6.74 million, a price-to-earnings ratio of -7.00 and a beta of -2.90.

Azarga Metals Company Profile

Azarga Metals Corp. engages in the exploration and development of mineral resource projects. It holds interest in the Marg copper project located in the Keno Hill Silver District, Yukon Territory, Canada. The company was formerly known as European Uranium Resources Ltd. and changed its name to Azarga Metals Corp.