Azincourt Energy (CVE:AAZ) Trading Down 20% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) dropped 20% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 399,200 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 729,770 shares. The stock had previously closed at C$0.03.

Azincourt Energy Price Performance

The company’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.02. The stock has a market cap of C$8.09 million, a price-to-earnings ratio of -2.00 and a beta of 1.18.

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.