Azincourt Energy (CVE:AAZ) Trading Up 40% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) shares were up 40% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 9,307,771 shares were traded during mid-day trading, an increase of 1,726% from the average daily volume of 509,671 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Performance

The stock has a market cap of C$10.45 million, a price-to-earnings ratio of -3.50 and a beta of 2.78. The firm’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.01.

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.