Avalon Advanced Materials (TSE:AVL) Sets New 12-Month Low – Here’s What Happened

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 119700 shares. The stock had previously closed at C$0.04.

Avalon Advanced Materials Trading Up 14.3 %

The company has a market cap of C$22.60 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The company’s 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.06. 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

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Avalon Advanced Materials Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of rare metal and mineral properties primarily in Canada. The company focuses on exploring lithium, tantalum, cesium, indium, gallium, germanium, tin, yttrium, and zirconium deposits, as well as rare earth elements.

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