Azincourt Energy (CVE:AAZ) Stock Price Down 14.3% – Here’s What Happened

Azincourt Energy Corp. (CVE:AAZ) shares dropped 14.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 1,276,841 shares traded hands during mid-day trading, an increase of 146% from the average session volume of 519,378 shares. The stock had previously closed at C$0.04.

Azincourt Energy Price Performance

The company’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.01. The stock has a market cap of C$8.95 million, a price-to-earnings ratio of -3.00 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.