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

Azincourt Energy Corp. (CVE:AAZ) shares dropped 20% on Saturday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 655,750 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 718,432 shares. The stock had previously closed at C$0.03.

Azincourt Energy Stock Performance

The company has a market cap of C$8.09 million, a price-to-earnings ratio of -2.00 and a beta of 0.74. The stock’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02.

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.