Azincourt Energy (CVE:AAZ) Shares Down 13.3% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ)’s share price was down 13.3% during trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 400,661 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 480,812 shares. The stock had previously closed at C$0.08.

Azincourt Energy Trading Down 13.3%

The stock’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.03. The stock has a market capitalization of C$6.74 million, a price-to-earnings ratio of -1.30 and a beta of 0.83.

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. The company was formerly known as Azincourt Uranium Inc and changed its name to Azincourt Energy Corp.