Avalon Advanced Materials (TSE:AVL) Trading Down 12.5% – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVL)’s stock price dropped 12.5% during mid-day trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 114,000 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 211,120 shares. The stock had previously closed at C$0.04.

Avalon Advanced Materials Trading Down 12.5 %

The firm has a market cap of C$19.78 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The business has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.05. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71.

Avalon Advanced Materials Company Profile

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.