Avalon Advanced Materials (TSE:AVL) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Avalon Advanced Materials Inc. (TSE:AVL) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.03 and traded as high as C$0.03. Avalon Advanced Materials shares last traded at C$0.03, with a volume of 134,693 shares.

Avalon Advanced Materials Stock Up 20.0 %

The company has a market cap of C$16.95 million, a PE ratio of -7.00 and a beta of 1.86. The business has a 50-day simple moving average of C$0.03 and a 200-day simple moving average of C$0.04. The company has a quick ratio of 2.13, a current ratio of 1.66 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.