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

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

Azincourt Energy Price Performance

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. The stock 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.