Azincourt Energy (CVE:AAZ) Shares Up 60% – Here’s Why
by Mitch Edgeman · The Markets DailyAzincourt Energy Corp. (CVE:AAZ – Get Free Report) shares traded up 60% during trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.08. 4,946,699 shares traded hands during trading, an increase of 495% from the average session volume of 830,732 shares. The stock had previously closed at C$0.05.
Azincourt Energy Stock Performance
The stock has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02. The stock has a market cap of C$6.88 million, a price-to-earnings ratio of -2.00 and a beta of 0.63.
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. The company was formerly known as Azincourt Uranium Inc and changed its name to Azincourt Energy Corp.