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

Azincourt Energy Corp. (CVE:AAZ) shares fell 25% on Wednesday . The stock 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 Stock Performance

The firm has a market cap of C$4.48 million, a P/E ratio of -1.50 and a beta of 2.78. The stock’s 50-day moving average is C$0.01 and its 200 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.