Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 507567 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Stock Performance
The company has a market capitalization of C$19.78 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The firm has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.04. 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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