Azincourt Energy (CVE:AAZ) Stock Price Up 70% – Still a Buy?
by Michael Walen · The Markets DailyAzincourt Energy Corp. (CVE:AAZ – Get Free Report) shot up 70% on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. 2,666,886 shares changed hands during mid-day trading, an increase of 409% from the average session volume of 523,435 shares. The stock had previously closed at C$0.05.
Azincourt Energy Stock Performance
The company’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.02. The stock has a market cap of C$6.02 million, a PE 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.