Azincourt Energy (CVE:AAZ) Trading 60% Higher – Time to Buy?

Azincourt Energy Corp. (CVE:AAZ)’s stock price rose 60% on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 2,435,095 shares were traded during trading, an increase of 278% from the average daily volume of 643,553 shares. The stock had previously closed at C$0.05.

Azincourt Energy Price Performance

The firm has a market cap of C$6.88 million, a price-to-earnings ratio of -2.00 and a beta of 0.63. The firm’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is 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.