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

Azincourt Energy Corp. (CVE:AAZ) shares shot up 50% during trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 336,859 shares changed hands during mid-day 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 Stock Down 33.3%

The stock has a market cap of C$5.16 million, a P/E ratio of -2.00 and a beta of 0.61. The firm has a 50 day moving average price of C$0.02 and a 200 day moving average price of 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. The company was formerly known as Azincourt Uranium Inc and changed its name to Azincourt Energy Corp.