Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) fell 28% during trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. 7,971,660 shares changed hands during mid-day trading, an increase of 967% from the average session volume of 747,295 shares. The stock had previously closed at C$0.13.
Avalon Advanced Materials Price Performance
The stock has a market cap of C$57.91 million, a PE ratio of -9.00 and a beta of 0.70. 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$0.04.
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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