Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price was down 14.3% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 418,302 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 300,535 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Trading Down 7.1 %
The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The stock has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.04. The company has a market cap of C$18.37 million, a P/E ratio of -7.00 and a beta of 1.86.
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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