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

Shares of Azincourt Energy Corp. (CVE:AAZ) dropped 20% during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 2,605,771 shares traded hands during mid-day trading, an increase of 162% from the average daily volume of 993,730 shares. The stock had previously closed at C$0.03.

Azincourt Energy Trading Down 20.0%

The stock has a market capitalization of C$5.97 million, a PE ratio of -2.00 and a beta of 2.78. The stock has a 50 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.