Azimut Exploration (CVE:AZM) Share Price Passes Above 50-Day Moving Average of $0.78

Azimut Exploration is a Canadian mining exploration company that operates in various countries including Canada and Mexico. The company's primary focus is on exploring for gold, silver, copper, and other precious metals.

On August 19, 2021, the share price of Azimut Exploration (CVEAZM) closed at $0.78, which was above its 50-day moving average. The 50-day moving average is a technical analysis tool that helps investors determine the trend of a stock's price over the past 50 trading days. When a stock's price is above its 50-day moving average, it is generally considered to be in an uptrend, indicating that the stock's price is increasing.

Azimut Exploration has been actively exploring for minerals in various regions of Canada and Mexico. In recent years, the company has made several significant discoveries, including a high-grade gold deposit in Quebec, Canada, and a large copper deposit in Mexico. These discoveries have helped to drive up the company's share price and increase investor interest in the stock.

Overall, Azimut Exploration's share price passing above its 50-day moving average of $0.78 is a positive sign for investors, indicating that the stock's price is increasing and that the company's exploration efforts are likely to be successful.