Azarga Metals (CVE:AZR) Trading Down 14.3% – Time to Sell?

Azarga Metals Corp. (CVE:AZR)’s share price dropped 14.3% during mid-day trading on Friday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 202,500 shares were traded during mid-day trading, an increase of 654% from the average daily volume of 26,874 shares. The stock had previously closed at C$0.18.

Azarga Metals Price Performance

The stock’s 50-day moving average is C$0.15 and its 200 day moving average is C$0.12. The company has a debt-to-equity ratio of 208.67, a current ratio of 0.05 and a quick ratio of 0.15. The company has a market cap of C$11.53 million, a PE ratio of -7.00 and a beta of -2.74.

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. in May 2016. Azarga Metals Corp. was incorporated in 1966 and is based in White Rock, Canada.