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

Azincourt Energy Corp. (CVE:AAZ) shares rose 50% during trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 310,000 shares were traded during trading, an increase of 7% from the average daily volume of 289,732 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Performance

The stock has a fifty day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.02. The stock has a market capitalization of C$4.48 million, a price-to-earnings ratio of -1.50 and a beta of 2.78.

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.