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

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

Azincourt Energy Stock Performance

The business has a 50 day simple moving average of C$0.01 and a 200-day simple moving average of C$0.02. The firm has a market cap of C$4.48 million, a price-to-earnings ratio of -1.50 and a beta of 2.78.

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.