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

Azincourt Energy Corp. (CVE:AAZ) shares dropped 25% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 280,000 shares traded hands during trading, a decline of 13% from the average daily volume of 320,640 shares. The stock had previously closed at C$0.02.

Azincourt Energy Trading Down 25.0 %

The firm has a 50-day moving average of C$0.01 and a 200-day moving average of C$0.02. The stock has a market capitalization of C$4.48 million, a price-to-earnings ratio of -1.50 and a beta of 2.78.

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.