Azincourt Energy (CVE:AAZ) Trading Down 20% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ)’s share price dropped 20% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 952,468 shares changed hands during trading, an increase of 608% from the average daily volume of 134,611 shares. The stock had previously closed at C$0.05.

Azincourt Energy Stock Down 20.0%

The firm has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The stock has a market cap of C$20.65 million, a P/E ratio of -2.00 and a beta of 0.61.

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