Avalon Advanced Materials (TSE:AVL) Stock Price Down 18.2% – Should You Sell?

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report)’s stock price was down 18.2% on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 235,509 shares were traded during trading, an increase of 28% from the average daily volume of 184,218 shares. The stock had previously closed at C$0.06.

Avalon Advanced Materials Stock Performance

The stock’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.06. The company has a market cap of C$33.90 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.

Avalon Advanced Materials Company Profile

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Avalon Advanced Materials Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of rare metal and mineral properties primarily in Canada. The company focuses on exploring lithium, tantalum, cesium, indium, gallium, germanium, tin, yttrium, and zirconium deposits, as well as rare earth elements.

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