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

Azincourt Energy Corp. (CVE:AAZ) rose 50% during mid-day trading on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 388,720 shares were traded during trading, an increase of 36% from the average daily volume of 285,921 shares. The stock had previously closed at C$0.01.

Azincourt Energy Price Performance

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 stock’s 50 day moving average is C$0.01 and its 200-day moving average 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.