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

Azincourt Energy Corp. (CVE:AAZ)’s share price dropped 20% during mid-day trading on Saturday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 655,750 shares traded hands during trading, a decline of 9% from the average daily volume of 718,432 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Performance

The stock has a market cap of C$8.09 million, a P/E ratio of -2.00 and a beta of 0.74. The business has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of 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.