Azincourt Energy (CVE:AAZ) Stock Price Down 20% – Time to Sell?

Azincourt Energy Corp. (CVE:AAZ) shares dropped 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 387,000 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 1,019,200 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Performance

The business has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The company has a market capitalization of C$5.97 million, a P/E ratio of -2.00 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.