Azincourt Energy (CVE:AAZ) Shares Down 33.3% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) shares dropped 33.3% during mid-day trading on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 180,927 shares traded hands during trading, a decline of 24% from the average daily volume of 237,021 shares. The stock had previously closed at C$0.02.

Azincourt Energy Price Performance

The stock has a market cap of C$2.98 million, a PE ratio of -1.00 and a beta of 2.78. The company’s fifty day moving average is C$0.01 and its 200-day moving average is C$0.02.

About Azincourt Energy

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.