Azincourt Energy (CVE:AAZ) Trading 25% Higher – Still a Buy?

Shares of Azincourt Energy Corp. (CVE:AAZ) shot up 25% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. 3,928,358 shares were traded during trading, an increase of 1,054% from the average session volume of 340,477 shares. The stock had previously closed at C$0.02.

Azincourt Energy Stock Performance

The firm has a market cap of C$10.45 million, a price-to-earnings 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 200-day simple moving average of C$0.01.

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.