Azincourt Energy (CVE:AAZ) Shares Up 50% – Still a Buy?

Azincourt Energy Corp. (CVE:AAZ)’s share price rose 50% during trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 356,000 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 265,116 shares. The stock had previously closed at C$0.01.

Azincourt Energy Trading Up 50.0 %

The firm has a market capitalization of C$4.48 million, a price-to-earnings ratio of -1.50 and a beta of 2.78. The firm has a 50 day moving average price of C$0.01 and a two-hundred day moving average price of C$0.02.

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.