Azincourt Energy (CVE:AAZ) Shares Up 50% – Here’s Why

Shares of Azincourt Energy Corp. (CVE:AAZ) rose 50% on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 356,000 shares traded hands during trading, an increase of 34% from the average daily volume of 265,116 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Performance

The firm has a 50 day moving average price of C$0.01 and a two-hundred day moving average price of C$0.02. The company has a market cap 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.