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

Azincourt Energy Corp. (CVE:AAZ) shot up 50% during trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. 135,032 shares were traded during mid-day trading, a decline of 3% from the average session volume of 139,015 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Performance

The firm’s 50-day simple moving average is C$0.01 and its 200 day simple moving average is C$0.02. The stock has a market cap of C$4.48 million, a P/E ratio of -1.50 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.