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

Shares of Azincourt Energy Corp. (CVE:AAZ) rose 50% during mid-day trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 356,000 shares changed hands during mid-day 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 Price Performance

The stock has a fifty day moving average of C$0.01 and a 200 day moving average of C$0.02. The stock has a market cap of C$4.48 million, a price-to-earnings ratio of -1.50 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.