Azincourt Energy (CVE:AAZ) Trading Down 20% – What’s Next?
by Scott Moore · The Cerbat GemAzincourt Energy Corp. (CVE:AAZ – Get Free Report) was down 20% during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 952,468 shares changed hands 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 firm has a market capitalization of C$20.65 million, a P/E ratio of -2.00 and a beta of 0.61. The firm has a 50 day moving average price of C$0.02 and a two-hundred 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.