Avalon Advanced Materials (TSE:AVL) Hits New 52-Week Low – What’s Next?

Shares of Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) hit a new 52-week low on Thursday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 109920 shares. The stock had previously closed at C$0.04.

Avalon Advanced Materials Price Performance

The company’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.05. The stock has a market capitalization of C$22.60 million, a PE ratio of -7.00 and a beta of 1.86. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71.

About Avalon Advanced Materials

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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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