Azincourt Energy (CVE:AAZ) Shares Down 25% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) was down 25% during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 280,000 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 320,640 shares. The stock had previously closed at C$0.02.

Azincourt Energy Price Performance

The business has a fifty day moving average of C$0.01 and a 200-day moving average of C$0.02. The stock has a market cap of C$4.48 million, a PE ratio of -1.50 and a beta of 2.78.

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.