Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s stock price dropped 14.3% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 107,000 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 223,177 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Stock Performance
The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The company’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.05. The stock has a market capitalization of C$19.78 million, a P/E ratio of -7.00 and a beta of 1.86.
Avalon Advanced Materials Company Profile
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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