Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) traded down 16.7% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 1,061,944 shares were traded during mid-day trading, an increase of 251% from the average session volume of 302,650 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Trading Up 16.7 %
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$19.78 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The firm’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.05.
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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