Azimut Exploration (CVE:AZM) Insider Jonathan Rosset Purchases 26,500 Shares

Azimut Exploration Inc. (CVE:AZM) insider Jonathan Rosset bought 26,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was acquired at an average cost of C$0.80 per share, with a total value of C$21,200.00. Following the transaction, the insider owned 548,000 shares of the company’s stock, valued at C$438,400. This trade represents a 5.08% increase in their ownership of the stock.

Azimut Exploration Stock Performance

Shares of CVE AZM traded up C$0.01 during trading hours on Friday, hitting C$0.72. 53,796 shares of the stock were exchanged, compared to its average volume of 45,597. The firm has a market capitalization of C$72.40 million, a P/E ratio of -24.40 and a beta of 2.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.17 and a quick ratio of 5.50. Azimut Exploration Inc. has a one year low of C$0.45 and a one year high of C$0.92. The company’s 50 day moving average is C$0.76 and its 200 day moving average is C$0.67.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered Azimut Exploration from a “buy” rating to a “hold” rating in a research report on Monday, November 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Azimut Exploration presently has an average rating of “Hold”.

About Azimut Exploration

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.