Azincourt Energy (CVE:AAZ) Shares Up 28.6% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ)’s share price traded up 28.6% on Tuesday. The company traded as high as C$0.04 and last traded at C$0.04. Approximately 631,008 shares traded hands during mid-day trading, an increase of 248% from the average daily volume of 181,484 shares. The stock had previously closed at C$0.04.

Azincourt Energy Stock Performance

The stock has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05. The firm has a market cap of C$6.62 million, a PE ratio of -1.33 and a beta of 0.04.

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.