/biz/ - Business & Finance

Anybody done much research on Azimut (AZM)? They are an exploration company that has had some significant drilling results. They own a total of 27 gold & base metal properties in Quebec (Nunavik and James Bay). No debt. Their stock 200%'d (0,50CAD-> 1,50CAD) Jan 14 2020 when they published drilling results of Patwon Prospect in their Elmer Gold Property in James Bay.

They've since published more drilling results in Elmer Gold Property and have expanded the discovery. 35 holes have been made in the Patwon Zone with 29 returning significant mineralization (more specific info on their newest Press release published yesterday: http://www.azimut-exploration.com/en/release/PR_20200915.pdf))

Currently their stock is going for 1,28CAD and seems to have been dropping for a while. Using Moving Averages 50 & 200 it seems like the price is going down, although the newest Press release might invigorate stock price.

>when 0.689

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