Azincourt Energy (CVE:AAZ) Shares Up 50% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ)’s share price rose 50% on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 135,032 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 139,015 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Performance

The firm has a market capitalization of C$4.48 million, a PE ratio of -1.50 and a beta of 2.78. The firm’s 50 day moving average price is C$0.01 and its 200-day moving average price is C$0.02.

Azincourt Energy Company Profile

Azincourt Energy Corp., an exploration and development company, focuses on the alternative fuels/alternative energy sector in Canada and Peru. It explores for uranium and lithium deposits, as well as other clean energy elements. The company owns interest in the East Preston project covering an area of approximately 25,000 hectares located in Saskatchewan, Canada; and the Big Hill Lithium project covering approximately an area of 7,500 hectares located in southwestern Newfoundland, Canada.