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

Azincourt Energy Corp. (CVE:AAZ) shares traded 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. 483,246 shares were traded during mid-day trading, an increase of 154% from the average session volume of 190,198 shares. The stock had previously closed at C$0.02.

Azincourt Energy Price Performance

The firm has a 50-day simple moving average of C$0.01 and a 200 day simple moving average of C$0.02. The stock has a market capitalization of C$4.48 million, a P/E ratio of -1.50 and a beta of 2.78.

About Azincourt Energy

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.