Azimut Exploration (OTCMKTS:AZMTF) Trading Up 1.2%

Azimut Exploration Inc. (OTCMKTS:AZMTFGet Rating) shares were up 1.2% on Tuesday . The stock traded as high as $1.02 and last traded at $0.91. Approximately 12,100 shares changed hands during trading, an increase of 57% from the average daily volume of 7,706 shares. The stock had previously closed at $0.90.

Separately, Barclays cut their target price on Azimut Exploration from €32.50 ($34.57) to €29.00 ($30.85) and set an “overweight” rating for the company in a research note on Friday, March 11th.

The stock has a fifty day moving average of $1.00 and a 200 day moving average of $1.12.

About Azimut Exploration (OTCMKTS:AZMTF)

Azimut Exploration Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements. It holds interest in the Elmer property located in the James Bay region.

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