Azincourt Energy (CVE:AAZ) Trading 50% Higher – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) shot up 50% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 1,957,195 shares were traded during mid-day trading, an increase of 295% from the average session volume of 495,110 shares. The stock had previously closed at C$0.05.

Azincourt Energy Stock Up 80.0%

The company has a market cap of C$7.75 million, a price-to-earnings ratio of -2.00 and a beta of 0.63. The firm’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is 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.