Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 137522 shares changing hands. The stock had previously closed at C$0.03.
Avalon Advanced Materials Stock Performance
The business’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.04. 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 firm has a market cap of C$16.95 million, a price-to-earnings ratio of -7.00 and a beta of 1.86.
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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