Avalon Advanced Materials (OTCMKTS:AVLNF) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Avalon Advanced Materials Inc. (OTCMKTS:AVLNFGet Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.03 and traded as low as $0.02. Avalon Advanced Materials shares last traded at $0.02, with a volume of 66,250 shares changing hands.

Avalon Advanced Materials Stock Down 9.3 %

The firm’s 50-day moving average price is $0.03 and its 200 day moving average price is $0.04. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.03.

Avalon Advanced Materials Company Profile

(Get Free Report)

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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