Azincourt Energy (CVE:AAZ) Shares Up 33.3% – Still a Buy?

Azincourt Energy Corp. (CVE:AAZ) shares shot up 33.3% during mid-day trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. 434,672 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 322,779 shares. The stock had previously closed at C$0.02.

Azincourt Energy Price Performance

The firm has a 50-day simple moving average of C$0.01 and a 200 day simple moving average of C$0.02. The stock has a market capitalization of C$4.48 million, a P/E ratio of -1.50 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.