Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) were down 14.3% on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 694,600 shares traded hands during trading, an increase of 127% from the average daily volume of 305,965 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Trading Down 16.7 %
The firm has a fifty 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$14.13 million, a PE 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.
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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