Azincourt Energy (CVE:AAZ) Shares Up 50% – Still a Buy?

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

Azincourt Energy Stock Performance

The stock has a 50-day moving average of C$0.01 and a 200 day moving average of C$0.02. The firm has a market capitalization of C$4.48 million, a P/E ratio of -1.50 and a beta of 2.78.

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.