Azincourt Energy (CVE:AAZ) Trading 80% Higher – Here’s What Happened

Azincourt Energy Corp. (CVE:AAZ)’s share price shot up 80% on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.09. 4,446,765 shares were traded during mid-day trading, an increase of 499% from the average session volume of 742,231 shares. The stock had previously closed at C$0.05.

Azincourt Energy Price Performance

The stock has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.02. The firm has a market cap of C$6.88 million, a PE ratio of -2.00 and a beta of 0.63.

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. The company was formerly known as Azincourt Uranium Inc and changed its name to Azincourt Energy Corp.