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

Shares of Azincourt Energy Corp. (CVE:AAZ) were down 25% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 280,000 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 320,640 shares. The stock had previously closed at C$0.02.

Azincourt Energy Trading Down 25.0 %

The company has a market cap of C$4.48 million, a P/E ratio of -1.50 and a beta of 2.78. The company has a 50 day moving average price of C$0.01 and a 200-day moving average price of 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.