Azincourt Energy (CVE:AAZ) Trading Down 25% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ)’s stock price dropped 25% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 280,000 shares changed hands during trading, a decline of 13% from the average daily volume of 320,640 shares. The stock had previously closed at C$0.02.

Azincourt Energy Stock Down 25.0 %

The stock has a market cap of C$4.48 million, a price-to-earnings ratio of -1.50 and a beta of 2.78. The firm’s 50 day moving average is C$0.01 and its two-hundred day moving average is 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.