Azincourt Energy (CVE:AAZ) Trading 33.3% Higher – Here’s What Happened

Shares of Azincourt Energy Corp. (CVE:AAZ) were up 33.3% during mid-day trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 4,601,572 shares were traded during mid-day trading, an increase of 619% from the average daily volume of 640,198 shares. The stock had previously closed at C$0.03.

Azincourt Energy Price Performance

The firm’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The stock has a market capitalization of C$11.94 million, a P/E ratio of -4.00 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.