Azincourt Energy (CVE:AAZ) Trading Down 16.7% – Time to Sell?

Azincourt Energy Corp. (CVE:AAZ) shares dropped 16.7% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 975,952 shares were traded during trading, an increase of 295% from the average daily volume of 247,328 shares. The stock had previously closed at C$0.06.

Azincourt Energy Stock Performance

The stock has a market capitalization of C$5.33 million, a price-to-earnings ratio of -1.00 and a beta of -0.18. The company has a 50 day moving average of C$0.06 and a 200 day moving average of C$0.05.

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