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

Shares of Azincourt Energy Corp. (CVE:AAZ) dropped 20% on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 952,468 shares were traded during mid-day 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 Performance

The company has a market cap of C$20.65 million, a price-to-earnings ratio of -2.00 and a beta of 0.61. The business has a fifty day moving average price of C$0.02 and a 200 day moving average price of 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. The company was formerly known as Azincourt Uranium Inc and changed its name to Azincourt Energy Corp.