Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.04, with a volume of 133000 shares changing hands. The stock had previously closed at C$0.04.
Avalon Advanced Materials Trading Down 14.3 %
The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13. The business has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.05. The firm has a market cap of C$16.95 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.
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