Azincourt Energy (CVE:AAZ) Stock Price Down 33.3% – Here’s Why

Shares of Azincourt Energy Corp. (CVE:AAZ) dropped 33.3% during mid-day trading on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 178,800 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 232,746 shares. The stock had previously closed at C$0.02.

Azincourt Energy Trading Up 50.0 %

The company has a market cap of C$4.48 million, a PE ratio of -1.50 and a beta of 2.78. The business has a fifty day moving average of C$0.01 and a 200-day moving average 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.