Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) were down 14.3% during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 107,000 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 223,177 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Stock Performance
The business has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.05. The firm has a market capitalization of C$19.78 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13.
About Avalon Advanced Materials
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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