Azincourt Energy (CVE:AAZ) Trading Down 33.3% – What’s Next?

Azincourt Energy Corp. (CVE:AAZ)’s stock price dropped 33.3% during trading on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 1,745,450 shares changed hands during trading, an increase of 558% from the average daily volume of 265,116 shares. The stock had previously closed at C$0.02.

Azincourt Energy Stock Performance

The business has a fifty day simple moving average of C$0.01 and a 200 day simple moving average of C$0.02. The company has a market cap of C$4.48 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.