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

Shares of Azincourt Energy Corp. (CVE:AAZ) rose 50% during trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 341,600 shares changed hands during trading, an increase of 21% from the average daily volume of 282,417 shares. The stock had previously closed at C$0.01.

Azincourt Energy Price Performance

The stock has a market capitalization of C$4.48 million, a P/E ratio of -1.50 and a beta of 2.78. The stock’s fifty day moving average is C$0.01 and its two-hundred day moving average 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.