Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price dropped 8.3% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 105,000 shares traded hands during trading, a decline of 65% from the average daily volume of 299,285 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Price Performance
The firm’s 50 day moving average price is C$0.03 and its 200-day moving average price is C$0.04. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The company has a market cap of C$16.95 million, a P/E ratio of -7.00 and a beta of 1.86.
Avalon Advanced Materials Company Profile
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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