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Azincourt Energy shares jumped 60% on Wednesday amid heavy trading, though no reason was given.
Azincourt Energy (CVE:AAZ) shares rose 60% on Wednesday, reaching a high of C$0.10 and closing at C$0.08, up from C$0.05 the previous day, with trading volume surging to about 4.95 million shares—nearly five times the average.
The company, which explores uranium and lithium in Canada and Peru, owns projects in Saskatchewan and Newfoundland.
It rebranded from Azincourt Uranium Inc. to reflect its focus on alternative energy.
The stock has a market cap of C$6.88 million, a negative P/E ratio, and a beta of 0.63, with moving averages at C$0.03 and C$0.02.
No specific reason for the price surge was provided.
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Las acciones de Azincourt Energy saltaron un 60% el miércoles en medio de una fuerte negociación, aunque no se dio ninguna razón.