Azincourt Energy (CVE:AAZ) Shares Down 14.3% – Here’s Why

Shares of Azincourt Energy Corp. (CVE:AAZ) dropped 14.3% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 1,990,004 shares traded hands during trading, an increase of 176% from the average daily volume of 721,088 shares. The stock had previously closed at C$0.04.

Azincourt Energy Stock Down 14.3 %

The firm has a market capitalization of C$8.95 million, a PE ratio of -3.00 and a beta of 2.78. The company’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is 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.