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

Shares of Azincourt Energy Corp. (CVE:AAZ) shot up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. 135,032 shares changed hands during trading, a decline of 3% from the average session volume of 139,015 shares. The stock had previously closed at C$0.01.

Azincourt Energy Stock Performance

The company has a market capitalization of C$4.48 million, a price-to-earnings ratio of -1.50 and a beta of 2.78. The stock has a 50-day simple moving average of C$0.01 and a 200-day simple moving average of C$0.02.

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.