Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price was down 14.3% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 213,439 shares traded hands during trading, a decline of 14% from the average daily volume of 249,339 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Stock Performance
The stock has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The stock has a market cap of C$16.95 million, a P/E ratio of -7.00 and a beta of 1.86. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71.
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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