Azincourt Energy (CVE:AAZ) Stock Price Up 60% – Still a Buy?
by Doug Wharley · The Cerbat GemAzincourt Energy Corp. (CVE:AAZ – Get Free Report)’s stock price was up 60% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.08. Approximately 4,946,699 shares changed hands during trading, an increase of 495% from the average daily volume of 830,732 shares. The stock had previously closed at C$0.05.
Azincourt Energy Price Performance
The stock’s 50-day moving average is C$0.03 and its two-hundred day moving average is C$0.02. The stock has a market cap of C$6.88 million, a P/E ratio of -2.00 and a beta of 0.63.
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. The company was formerly known as Azincourt Uranium Inc and changed its name to Azincourt Energy Corp.