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

Azincourt Energy Corp. (CVE:AAZ)’s share price shot up 50% during mid-day trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. 101,744 shares changed hands during trading, a decline of 58% from the average session volume of 241,028 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Performance

The company’s 50-day moving average price is C$0.01 and its 200 day moving average price is C$0.02. The stock has a market cap of C$2.98 million, a PE ratio of -1.00 and a beta of 2.78.

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.