Azincourt Energy (CVE:AAZ) Trading Down 13% – What’s Next?

Azincourt Energy Corp. (CVE:AAZ)’s stock price dropped 13% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 2,011,022 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 1,032,291 shares. The stock had previously closed at C$0.02.

Azincourt Energy Price Performance

The firm has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.02. The firm has a market cap of C$7.46 million, a P/E ratio of -2.50 and a beta of 2.78.

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.