Azincourt Energy (CVE:AAZ) Trading Up 60% – Should You Buy?

Shares of Azincourt Energy Corp. (CVE:AAZ) were up 60% during mid-day trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.08. Approximately 4,946,699 shares traded 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 company has a market cap of C$6.02 million, a PE ratio of -2.00 and a beta of 0.63. The business has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02.

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.