Azincourt Energy Corp (OTCMKTS:AZURF) Stock Consolidates After The Jump

Shares of Azincourt Energy Corp (OTCMKTS:AZURF) have been trading within a narrow range. The stock has gained 15% in the past month.

Trading Data

On Thursday, AZURF stock went down 2.37% to $0.0576 with more than 463K shares, compared to its average volume of 585K shares. The stock has moved within a range of $0.0555 – 0.0615 after opening trade at $0.0615.

Azincourt Energy Updates Camp Construction and Drill Mobilization at the East Preston Uranium Project

Azincourt Energy Corp (OTCMKTS:AZURF) on January 13, 2022, announced that construction for the exploration camp for 2022 has started at the East Preston uranium project, which is situated in western Athabasca Basin, Saskatchewan, Canada.

Discovery Mining Services is constructing the exploration camp at Snoop Lake and would be maintaining and managing the camp for the entire time of the program, under the supervision of TerraLogic Exploration Inc.

Furthermore, geographical and drilling crews will arrive on-site in some days and drilling will begin in the coming week, harnessing two diamond drill rigs given by Full Force Drilling Ltd.

TerraLogic Exploration Inc will be facilitating and implementing a planned diamond drilling initiative under supervision of the Azincourt’s Vice President, Exploration, Trevor Perkins, P.Geo, as well as Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic Exploration.

Comprising of at least 6,000m drilling in 30-35 drill holes, it would be focusing on A-G and K-Q trends, starting in G Zone where higher levels were Uranium was discovered. The program will assess the G zone to the south and then go ahead on the K-Q trend.

CEO and President Alex Kleinman said that the team has done a remarkable job in getting things till this point. Kleinman added that the firm is keen on getting drills on the site and commencing the program.

VP, Exploration, Trevor Perkins expressed delight on the progress till date with camp construction and road building.

Technical Data

AZURF stock is below the 20-Day and 50-Day Moving averages of $0.0587 and $0.0616 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0604.