Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) fell 13% on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. 4,692,381 shares traded hands during mid-day trading, an increase of 401% from the average session volume of 935,997 shares. The stock had previously closed at C$0.06.
Avalon Advanced Materials Stock Performance
The firm has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.04. The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13. The stock has a market capitalization of C$40.37 million, a PE ratio of -5.00 and a beta of 0.74.
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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