Azincourt Energy (CVE:AAZ) Shares Up 50% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ)’s stock price traded up 50% on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 356,000 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 265,116 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Performance

The company’s fifty day simple moving average is C$0.01 and its 200-day simple moving average is C$0.02. The company has a market capitalization of C$4.48 million, a P/E 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.