Azincourt Energy (CVE:AAZ) Trading Down 25% – Should You Sell?

Azincourt Energy Corp. (CVE:AAZ)’s share price dropped 25% during mid-day trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,201,332 shares were traded during trading, an increase of 78% from the average daily volume of 673,919 shares. The stock had previously closed at C$0.02.

Azincourt Energy Price Performance

The firm has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The company has a market cap of C$6.07 million, a price-to-earnings ratio of -2.00 and a beta of 0.71.

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.