Avalon Advanced Materials (OTCMKTS:AVLNF) Shares Cross Below 50-Day Moving Average – What’s Next?

Avalon Advanced Materials Inc. (OTCMKTS:AVLNFGet Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.04 and traded as low as $0.03. Avalon Advanced Materials shares last traded at $0.04, with a volume of 56,510 shares trading hands.

Avalon Advanced Materials Stock Performance

The stock has a market capitalization of $21.42 million, a P/E ratio of 3.79 and a beta of 1.49. The stock’s fifty day moving average price is $0.04 and its 200 day moving average price is $0.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.49 and a quick ratio of 0.49.

Avalon Advanced Materials Company Profile

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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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