Shares of Avalon Advanced Materials Inc (TSE:AVL) dropped 8.3% during mid-day trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 3,485,175 shares changed hands during trading, an increase of 362% from the average daily volume of 754,371 shares. The stock had previously closed at C$0.12.

The company has a market cap of $30.46 million and a PE ratio of -7.00. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.42 and a current ratio of 0.54.

In other news, Director Donald Stephen Bubar sold 408,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$0.09, for a total transaction of C$36,312.00. Following the completion of the sale, the director now directly owns 6,553,100 shares of the company’s stock, valued at C$583,225.90.

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About Avalon Advanced Materials (TSE:AVL)

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

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