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

Azincourt Energy Corp. (CVE:AAZ)’s share price dropped 14.3% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 236,572 shares were traded during trading, a decline of 55% from the average daily volume of 530,524 shares. The stock had previously closed at C$0.04.

Azincourt Energy Price Performance

The stock has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.02. The firm has a market capitalization of C$8.95 million, a PE 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.