Azincourt Energy (CVE:AAZ) Trading Down 25% – What’s Next?

Azincourt Energy Corp. (CVE:AAZ) dropped 25% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 280,000 shares traded hands during mid-day 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 Trading Down 25.0 %

The firm’s fifty day moving average price is C$0.01 and its 200-day moving average price is C$0.02. The company has a market cap of C$4.48 million, a P/E ratio of -1.50 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.