Azincourt Energy (CVE:AAZ) Trading Up 40% – Here’s What Happened

Shares of Azincourt Energy Corp. (CVE:AAZ) shot up 40% during mid-day trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. 5,692,116 shares changed hands during trading, an increase of 1,557% from the average session volume of 343,563 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Performance

The stock has a market cap of C$10.45 million, a price-to-earnings ratio of -3.50 and a beta of 2.78. The company has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.01.

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.