Shares of Azincourt Energy Corp. (CVE:AAZ – Get Free Report) shot up 40% during trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 9,307,771 shares traded hands during trading, an increase of 1,726% from the average session volume of 509,671 shares. The stock had previously closed at C$0.03.
Azincourt Energy Trading Down 14.3 %
The firm’s 50-day moving average is C$0.02 and its two-hundred day moving average is C$0.01. The stock has a market cap of C$8.95 million, a price-to-earnings ratio of -3.00 and a beta of 2.78.
About Azincourt Energy
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.
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