Insider Buying: Azimut Exploration (CVE:AZM) Insider Buys C$15,000.00 in Stock

Azimut Exploration Inc. (CVE:AZM) insider Jonathan Rosset purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were purchased at an average cost of C$0.60 per share, for a total transaction of C$15,000.00. Following the completion of the transaction, the insider directly owned 800,000 shares of the company’s stock, valued at C$480,000. This represents a 3.23% increase in their ownership of the stock.

Jonathan Rosset also recently made the following trade(s):

• On Thursday, May 28th, Jonathan Rosset purchased 5,000 shares of Azimut Exploration stock. The shares were purchased at an average price of C$0.70 per share, for a total transaction of C$3,500.00.
• On Thursday, May 28th, Jonathan Rosset acquired 10,000 shares of Azimut Exploration stock. The stock was purchased at an average cost of C$0.71 per share, with a total value of C$7,100.00.
• On Wednesday, May 27th, Jonathan Rosset acquired 35,000 shares of Azimut Exploration stock. The stock was purchased at an average price of C$0.70 per share, with a total value of C$24,500.00.

Azimut Exploration Price Performance

Azimut Exploration stock opened at C$0.62 on Friday. Azimut Exploration Inc. has a 52 week low of C$0.52 and a 52 week high of C$1.10. The company’s 50 day moving average price is C$0.68 and its two-hundred day moving average price is C$0.75. The company has a quick ratio of 5.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock has a market cap of C$62.48 million, a P/E ratio of 6.89 and a beta of 1.18.

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. 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.