Azarga Metals (CVE:AZR) Sets New 52-Week High – Still a Buy?

Azarga Metals Corp. (CVE:AZR) shares hit a new 52-week high on Wednesday . The stock traded as high as C$0.20 and last traded at C$0.20, with a volume of 43500 shares. The stock had previously closed at C$0.18.

Azarga Metals Stock Performance

The stock’s 50-day moving average price is C$0.14 and its 200-day moving average price is C$0.15. The company has a debt-to-equity ratio of 208.67, a quick ratio of 0.15 and a current ratio of 0.05. The company has a market capitalization of C$15.92 million, a price-to-earnings ratio of -17.50 and a beta of -2.51.

About Azarga Metals

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.