Azincourt Energy (CVE:AAZ) Shares Up 60% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) shares were up 60% on Thursday . The stock 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 firm has a market capitalization of C$6.88 million, a PE ratio of -2.00 and a beta of 0.63. The company’s fifty day simple moving average is C$0.03 and its 200 day simple moving average is C$0.02.

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.