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

Azincourt Energy Corp. (CVE:AAZGet Free Report) shares fell 14.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 1,276,841 shares traded hands during trading, an increase of 146% from the average session volume of 519,378 shares. The stock had previously closed at C$0.04.

Azincourt Energy Price Performance

The firm has a market capitalization of C$8.95 million, a price-to-earnings ratio of -3.00 and a beta of 2.78. The business’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.01.

About Azincourt Energy

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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.

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