Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) dropped 8.3% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 135,000 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 330,517 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Stock Performance
The firm has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The company has a market cap of C$15.54 million, a PE ratio of -7.00 and a beta of 1.86.
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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