Azincourt Energy (CVE:AAZ) Shares Up 50% – Time to Buy?

Azincourt Energy Corp. (CVE:AAZ)’s share price shot up 50% during trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. 310,000 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 289,732 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Up 50.0 %

The stock has a market cap of C$4.48 million, a P/E ratio of -1.50 and a beta of 2.78. The firm’s 50 day simple moving average is C$0.01 and its two-hundred day simple moving average 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.