Azincourt Energy (CVE:AAZ) Shares Up 80% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) was up 80% on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 4,446,765 shares traded hands during mid-day trading, an increase of 499% from the average daily volume of 742,231 shares. The stock had previously closed at C$0.05.

Azincourt Energy Price Performance

The company has a market capitalization of C$6.02 million, a PE ratio of -2.00 and a beta of 0.63. The stock has a 50-day simple moving average of C$0.03 and a 200 day simple moving average of C$0.02.

Azincourt Energy Company Profile

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.