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

Azincourt Energy Corp. (CVE:AAZ) shares dropped 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 196,304 shares traded hands during trading, a decline of 71% from the average daily volume of 671,324 shares. The stock had previously closed at C$0.03.

Azincourt Energy Trading Down 20.0%

The firm has a market cap of C$8.09 million, a P/E ratio of -2.00 and a beta of 0.71. The business has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.02.

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.