Azincourt Energy (CVE:AAZ) Shares Up 33.3% – Should You Buy?

Azincourt Energy Corp. (CVE:AAZ)’s share price shot up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 434,672 shares changed hands during 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 Stock Performance

The company has a market capitalization of C$4.48 million, a price-to-earnings ratio of -1.50 and a beta of 2.78. The business’s 50-day simple moving average is C$0.01 and its 200-day simple moving average is C$0.02.

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.