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

Avalon Advanced Materials Inc. (TSE:AVL) hit a new 52-week low on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 125884 shares. The stock had previously closed at C$0.03.

Avalon Advanced Materials Trading Down 16.7%

The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. 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 company has a market cap of C$14.13 million, a PE 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.