Azincourt Energy (CVE:AAZ) Stock Price Down 20% – Here’s Why

Azincourt Energy Corp. (CVE:AAZ – Get Free Report) shares fell 20% on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 952,468 shares were traded during mid-day trading, an increase of 608% from the average session volume of 134,611 shares. The stock had previously closed at C$0.05.

Azincourt Energy Price Performance

The firm has a market cap of C$20.65 million, a P/E ratio of -2.00 and a beta of 0.61. The company’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

About Azincourt Energy

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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.

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