Avalon Advanced Materials (TSE:AVL) Hits New 12-Month Low – Here’s What Happened

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.05, with a volume of 71266 shares. The stock had previously closed at C$0.05.

Avalon Advanced Materials Price Performance

The stock has a market cap of C$22.60 million, a PE 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$0.05 and its 200-day moving average is C$0.06.

About Avalon Advanced Materials

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Avalon Advanced Materials Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of rare metal and mineral properties primarily in Canada. The company focuses on exploring lithium, tantalum, cesium, indium, gallium, germanium, tin, yttrium, and zirconium deposits, as well as rare earth elements.

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