Azincourt Energy (CVE:AAZ) Shares Up 50% – Should You Buy?

Shares of Azincourt Energy Corp. (CVE:AAZ) rose 50% during mid-day trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 101,744 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 241,028 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Performance

The stock has a market cap of C$2.98 million, a P/E ratio of -1.00 and a beta of 2.78. The firm has a 50-day moving average price of C$0.01 and a 200-day moving average price 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.