Avalon Advanced Materials (TSE:AVL) Trading Down 4.8% – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVL)’s stock price was down 4.8% during trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 279,730 shares traded hands during trading, a decline of 70% from the average daily volume of 924,801 shares. The stock had previously closed at C$0.05.

Avalon Advanced Materials Stock Performance

The firm’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.05. 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 stock has a market capitalization of C$43.82 million, a price-to-earnings ratio of -5.83 and a beta of 0.92.

Avalon Advanced Materials (TSE:AVL) last issued its quarterly earnings results on Friday, November 28th. The company reported C$0.01 earnings per share (EPS) for the quarter. Avalon Advanced Materials had a negative net margin of 48.93% and a negative return on equity of 0.04%. Analysts forecast that Avalon Advanced Materials Inc. will post -0.04 earnings per share for the current fiscal year.

Avalon Advanced Materials Company Profile

Avalon Advanced Materials Inc is a Canadian critical minerals company advancing the supply of materials essential for Canadas future. The Company is focused on developing strategic assets that support secure, domestic supply chains and long-term economic growth. Avalon is focused on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc, Ontarios first midstream lithium hydroxide processing facility, located in Thunder Bay. This facility will serve as a vital link between northern Ontarios lithium resources and the growing EV battery manufacturing base in southern Ontario and North America.