Azincourt Energy (CVE:AAZ) Stock Price Up 50% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) shot up 50% on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 336,859 shares were traded during trading, a decline of 54% from the average session volume of 738,968 shares. The stock had previously closed at C$0.01.

Azincourt Energy Price Performance

The company has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The stock has a market cap of C$5.16 million, a P/E ratio of -2.00 and a beta of 0.61.

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.