Azincourt Energy (CVE:AAZ) Stock Price Up 40% – Time to Buy?

Azincourt Energy Corp. (CVE:AAZ)’s share price was up 40% during trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 5,692,116 shares changed hands during trading, an increase of 1,557% from the average daily volume of 343,563 shares. The stock had previously closed at C$0.03.

Azincourt Energy Price Performance

The business has a fifty day moving average of C$0.02 and a 200 day moving average of C$0.01. The firm has a market cap of C$10.45 million, a P/E ratio of -3.50 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.