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

Shares of Azincourt Energy Corp. (CVE:AAZ) traded down 14.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 818,841 shares changed hands during trading, an increase of 60% from the average session volume of 512,749 shares. The stock had previously closed at C$0.04.

Azincourt Energy Trading Down 14.3 %

The company’s 50-day moving average is C$0.02 and its 200 day moving average is C$0.01. The firm has a market cap of C$8.95 million, a PE ratio of -3.00 and a beta of 2.78.

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.