Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 507567 shares changing hands. The stock had previously closed at C$0.04.
Avalon Advanced Materials Stock Performance
The firm has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.04. 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 stock has a market cap of C$19.78 million, a PE 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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