Azimut Exploration (CVE:AZM) Insider Purchases C$24,500.00 in Stock

Azimut Exploration Inc. (CVE:AZM) insider Jonathan Rosset acquired 35,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of C$0.70 per share, for a total transaction of C$24,500.00. Following the completion of the acquisition, the insider directly owned 735,000 shares of the company’s stock, valued at approximately C$514,500. This represents a 5.00% increase in their position.

Azimut Exploration Price Performance

CVE AZM traded down C$0.01 during trading on Wednesday, reaching C$0.69. 18,505 shares of the company traded hands, compared to its average volume of 89,933. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.50 and a current ratio of 2.72. The stock’s 50 day moving average price is C$0.70 and its two-hundred day moving average price is C$0.76. The company has a market cap of C$69.54 million, a price-to-earnings ratio of 7.67 and a beta of 1.38. Azimut Exploration Inc. has a 1-year low of C$0.52 and a 1-year high of C$1.10.

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, 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.