Azincourt Energy (CVE:AAZ) Trading Up 20% – What’s Next?

Azincourt Energy Corp. (CVE:AAZ) traded up 20% during mid-day trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.03. 8,532,970 shares traded hands during mid-day trading, an increase of 1,630% from the average session volume of 493,260 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Up 20.0 %

The company’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.01. The company has a market capitalization of C$8.95 million, a P/E ratio of -3.00 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.