Azincourt Energy (CVE:AAZ) Stock Price Up 20% – What’s Next?

Shares of Azincourt Energy Corp. (CVE:AAZ) shot up 20% during mid-day trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.03. 8,532,970 shares changed hands during trading, an increase of 1,630% from the average session volume of 493,260 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Performance

The business’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.01. The stock has a market cap of C$8.95 million, a price-to-earnings ratio of -3.00 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.