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

Azincourt Energy Corp. (CVE:AAZ)’s stock price dropped 33.3% during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 198,111 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 276,701 shares. The stock had previously closed at C$0.02.

Azincourt Energy Price Performance

The company 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$2.98 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.