Azincourt Energy (CVE:AAZ) Shares Up 50% – Still a Buy?

Shares of Azincourt Energy Corp. (CVE:AAZ) shot up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. 336,829 shares were traded during trading, a decline of 54% from the average session volume of 738,968 shares. The stock had previously closed at C$0.01.

Azincourt Energy Trading Down 33.3%

The firm’s fifty day moving average is C$0.02 and its 200 day moving average is C$0.02. The company has a market cap of C$5.16 million, a PE ratio of -2.00 and a beta of 0.61.

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.