Azincourt Energy (CVE:AAZ) Trading 33.3% Higher – Still a Buy?

Azincourt Energy Corp. (CVE:AAZ)’s stock price rose 33.3% during trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 4,601,572 shares changed hands 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 Stock Down 12.5 %

The company’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The company has a market capitalization of C$10.45 million, a price-to-earnings ratio of -3.50 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.