Avalon Advanced Materials (TSE:AVL) Reaches New 1-Year Low – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report)’s share price hit a new 52-week low on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 116082 shares. The stock had previously closed at C$0.04.

Avalon Advanced Materials Price Performance

The stock has a market capitalization of C$19.78 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The company has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.

Avalon Advanced Materials Company Profile

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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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