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

Shares of Azincourt Energy Corp. (CVE:AAZ) were up 50% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 336,859 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 738,968 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Up 50.0%

The company has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The stock has a market capitalization of C$7.75 million, a price-to-earnings ratio of -2.00 and a beta of 0.61.

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.