Azincourt Energy (CVE:AAZ) Trading 25% Higher – Here’s Why

Azincourt Energy Corp. (CVE:AAZ)’s share price rose 25% during mid-day trading on Monday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 3,928,358 shares changed hands during trading, an increase of 1,054% from the average daily volume of 340,477 shares. The stock had previously closed at C$0.02.

Azincourt Energy Stock Performance

The firm’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.01. The stock has a market capitalization of C$7.46 million, a P/E ratio of -2.50 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.