Azincourt Energy (CVE:AAZ) Shares Up 50% – Should You Buy?

Azincourt Energy Corp. (CVE:AAZ)’s stock price was up 50% during trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 96,100 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 274,663 shares. The stock had previously closed at C$0.01.

Azincourt Energy Price Performance

The firm’s 50 day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.02. The firm has a market capitalization of C$4.48 million, a P/E 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.