Azincourt Energy (CVE:AAZ) Shares Up 40% – Should You Buy?

Azincourt Energy Corp. (CVE:AAZ)’s share price was up 40% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 9,307,771 shares traded hands during trading, an increase of 1,726% from the average daily volume of 509,671 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Performance

The firm has a market capitalization of C$10.45 million, a price-to-earnings ratio of -3.50 and a beta of 2.78. The firm’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is 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.