Avalon Advanced Materials (TSE:AVL) Shares Cross Above 50 Day Moving Average – Should You Sell?

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.06 and traded as high as C$0.08. Avalon Advanced Materials shares last traded at C$0.07, with a volume of 4,298,769 shares.

Avalon Advanced Materials Stock Down 7.1%

The business has a fifty day moving average of C$0.06 and a 200 day moving average of C$0.04. The company has a market capitalization of C$52.48 million, a PE ratio of -6.50 and a beta of 0.74. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71.

Avalon Advanced Materials Company Profile

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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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