Azincourt Energy (CVE:AAZ) Shares Up 40%

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Azincourt Energy Corp (CVE:AAZ)’s share price rose 40% during trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04, approximately 4,855,079 shares changed hands during mid-day trading. An increase of 1,339% from the average daily volume of 337,425 shares. The stock had previously closed at C$0.03.

The firm has a market cap of $3.61 million and a price-to-earnings ratio of -0.68. The firm has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03.

Azincourt Energy Company Profile (CVE:AAZ)

Azincourt Energy Corp., an exploration and development company, focuses on the alternative fuels/alternative energy sector in Canada. It explores for uranium and lithium deposits. The company primarily owns a 10% interest in the Patterson Lake North project located in the Athabasca Basin, Saskatchewan, Canada.

Further Reading: How analysts view the yield curve

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