Azincourt Energy (CVE:AAZ) Shares Down 14.3% – Time to Sell?

Azincourt Energy Corp. (CVE:AAZ)’s share price dropped 14.3% during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 236,572 shares changed hands during trading, a decline of 56% from the average daily volume of 532,524 shares. The stock had previously closed at C$0.04.

Azincourt Energy Trading Down 14.3 %

The company’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.01. The firm has a market capitalization of C$8.95 million, a P/E ratio of -3.00 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.