Azincourt Energy (CVE:AAZ) Shares Down 33.3% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ) was down 33.3% during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 1,745,450 shares were traded during trading, an increase of 558% from the average daily volume of 265,116 shares. The stock had previously closed at C$0.02.

Azincourt Energy Stock Performance

The company has a 50-day moving average price of C$0.01 and a 200-day moving average price of C$0.02. The firm has a market capitalization of C$2.98 million, a price-to-earnings ratio of -1.00 and a beta of 2.78.

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.