Azincourt Energy (CVE:AAZ) Trading 60% Higher – Here’s What Happened

Azincourt Energy Corp. (CVE:AAZ) rose 60% on Wednesday . The company traded as high as C$0.10 and last traded at C$0.08. Approximately 4,946,699 shares were traded during mid-day trading, an increase of 495% from the average daily volume of 830,732 shares. The stock had previously closed at C$0.05.

Azincourt Energy Price Performance

The business has a 50 day simple moving average of C$0.03 and a 200 day simple moving average 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.