Azincourt Energy (CVE:AAZ) Trading 33.3% Higher – Time to Buy?

Azincourt Energy Corp. (CVE:AAZ) shares rose 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 434,672 shares were traded during trading, an increase of 35% from the average daily volume of 322,779 shares. The stock had previously closed at C$0.02.

Azincourt Energy Stock Performance

The firm’s 50 day simple moving average is C$0.01 and its 200-day simple moving average is C$0.02. The company has a market cap 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.