Azincourt Energy (CVE:AAZ) Shares Down 13.3% – Should You Sell?

Azincourt Energy Corp. (CVE:AAZ)’s share price dropped 13.3% on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 400,661 shares traded hands during trading, a decline of 17% from the average daily volume of 480,812 shares. The stock had previously closed at C$0.08.

Azincourt Energy Stock Down 13.3%

The company has a market capitalization of C$6.74 million, a price-to-earnings ratio of -1.30 and a beta of 0.83. The company has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.03.

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.