Azincourt Energy (CVE:AAZ) Shares Down 25% – Should You Sell?

Shares of Azincourt Energy Corp. (CVE:AAZ) dropped 25% during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 441,062 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 696,663 shares. The stock had previously closed at C$0.02.

Azincourt Energy Stock Performance

The business’s 50 day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The company has a market cap of C$7.75 million, a price-to-earnings ratio of -2.00 and a beta of 0.61.

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.