Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 507567 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Trading Down 14.3 %
The stock has a market cap of C$16.95 million, a PE ratio of -7.00 and a beta of 1.86. The company’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.04. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.
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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