Azincourt Energy (CVE:AAZ) Shares Up 40% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) shares were up 40% on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 9,307,771 shares traded hands during mid-day trading, an increase of 1,726% from the average daily volume of 509,671 shares. The stock had previously closed at C$0.03.

Azincourt Energy Trading Up 40.0 %

The company has a market cap of C$10.45 million, a PE ratio of -3.50 and a beta of 2.78. The business has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.01.

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.