Azincourt Energy (CVE:AAZ) Shares Down 11.1% – Here’s What Happened

Azincourt Energy Corp. (CVE:AAZ) traded down 11.1% on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 285,294 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 219,414 shares. The stock had previously closed at C$0.04.

Azincourt Energy Stock Performance

The company has a 50 day moving average of C$0.06 and a 200-day moving average of C$0.06. The stock has a market cap of C$6.07 million, a price-to-earnings ratio of -1.00 and a beta of -0.70.

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. The company was formerly known as Azincourt Uranium Inc and changed its name to Azincourt Energy Corp.