Avalon Advanced Materials (TSE:AVL) Sets New 52-Week Low – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report)’s stock price hit a new 52-week low on Monday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 215500 shares traded. The stock had previously closed at C$0.04.

Avalon Advanced Materials Trading Down 12.5 %

The company’s fifty day moving average is C$0.05 and its 200-day moving average is C$0.06. The stock has a market cap of C$19.78 million, a PE 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.

Avalon Advanced Materials Company Profile

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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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