Avalon Advanced Materials (TSE:AVL) Posts Quarterly Earnings Results

Avalon Advanced Materials (TSE:AVL) posted its quarterly earnings data on Thursday. The company reported C($0.02) EPS for the quarter, FiscalAI reports. Avalon Advanced Materials had a negative net margin of 48.93% and a negative return on equity of 0.04%.

Avalon Advanced Materials Trading Down 6.3%

TSE AVL opened at C$0.08 on Friday. The firm has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.07. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. Avalon Advanced Materials has a one year low of C$0.02 and a one year high of C$0.15. The firm has a market cap of C$62.62 million, a price-to-earnings ratio of -8.33 and a beta of 0.85.

Avalon Advanced Materials Company Profile

Avalon Advanced Materials Inc is a Canadian critical minerals company advancing the supply of materials essential for Canadas future. The Company is focused on developing strategic assets that support secure, domestic supply chains and long-term economic growth. Avalon is focused on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc, Ontarios first midstream lithium hydroxide processing facility, located in Thunder Bay. This facility will serve as a vital link between northern Ontarios lithium resources and the growing EV battery manufacturing base in southern Ontario and North America.