Azincourt Energy (CVE:AAZ) Shares Up 20% – Here’s What Happened

Azincourt Energy Corp. (CVE:AAZ)’s stock price shot up 20% on Tuesday . The company traded as high as C$0.04 and last traded at C$0.03. 8,667,970 shares were traded during trading, an increase of 1,644% from the average session volume of 497,053 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Performance

The firm has a market cap of C$8.95 million, a P/E ratio of -3.00 and a beta of 2.78. The firm’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.01.

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.