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

Azincourt Energy Corp. (CVE:AAZ) shares shot up 25% during 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 mid-day 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’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.01. The company has a market capitalization of C$10.45 million, a price-to-earnings ratio of -3.50 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.