Azincourt Energy (CVE:AAZ) Shares Up 70% – Still a Buy?

Shares of Azincourt Energy Corp. (CVE:AAZ) shot up 70% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. 2,666,886 shares were traded during mid-day trading, an increase of 409% from the average session volume of 523,435 shares. The stock had previously closed at C$0.05.

Azincourt Energy Price Performance

The stock has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.02. The stock has a market cap of C$6.88 million, a PE ratio of -2.00 and a beta of 0.63.

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. The company was formerly known as Azincourt Uranium Inc and changed its name to Azincourt Energy Corp.