Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares traded down 14.3% on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. 107,000 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 223,177 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Stock Performance
The firm has a market cap of C$19.78 million, a P/E ratio of -7.00 and a beta of 1.86. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The company’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.05.
About Avalon Advanced Materials
Avalon Advanced Materials Inc is a Canadian critical minerals development company focused on vertically integrating the Ontario lithium supply chain. The company is currently developing its Separation Rapids deposit near Kenora, ON. while continuing to advance other projects in its portfolio. In additional to extraction activities, Avalon is executing on its key strategic objective of constructing Ontario’s first midstream lithium hydroxide processing facility to bridge upstream lithium production and downstream EV battery manufacturing.
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