Avalon Advanced Materials (TSE:AVL) Hits New 52-Week Low – What’s Next?

Shares of Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 119700 shares trading hands. The stock had previously closed at C$0.04.

Avalon Advanced Materials Trading Up 14.3 %

The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The company has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.06. The company has a market capitalization of C$22.60 million, a price-to-earnings ratio of -7.00 and a beta of 1.86.

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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