Azincourt Energy (CVE:AAZ) Trading 50% Higher – Still a Buy?

Azincourt Energy Corp. (CVE:AAZ) rose 50% during mid-day trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 96,100 shares changed hands during trading, a decline of 65% from the average daily volume of 274,663 shares. The stock had previously closed at C$0.01.

Azincourt Energy Trading Up 50.0 %

The company has a market capitalization of C$4.48 million, a P/E ratio of -1.50 and a beta of 2.78. The business’s fifty day moving average price is C$0.01 and its 200-day moving average price is C$0.02.

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.