Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price fell 8.3% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. 105,000 shares were traded during mid-day trading, a decline of 65% from the average session volume of 299,285 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Price Performance
The company’s fifty day moving average price is C$0.03 and its 200 day moving average price is C$0.04. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The firm has a market capitalization of C$16.95 million, a price-to-earnings 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.
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