Avalon Advanced Materials (TSE:AVL) Sets New 1-Year Low – What’s Next?

Avalon Advanced Materials Inc. (TSE:AVL) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 207737 shares. The stock had previously closed at C$0.03.

Avalon Advanced Materials Stock Performance

The company has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.04. 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 firm has a market capitalization of C$14.13 million, a price-to-earnings ratio of -7.00 and a beta of 1.86.

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.