Azincourt Energy (CVE:AAZ) Trading Down 13.3% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ)’s stock price traded down 13.3% on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. 334,661 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 476,926 shares. The stock had previously closed at C$0.08.

Azincourt Energy Price Performance

The stock has a market cap of C$6.74 million, a price-to-earnings ratio of -1.30 and a beta of 0.83. The stock’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.03.

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.