Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) dropped 16.7% during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 1,061,944 shares were traded during trading, an increase of 251% from the average daily volume of 302,650 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Stock Up 16.7 %
The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The firm’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.05. The company has a market cap of C$19.78 million, a P/E 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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