Avalon Advanced Materials (TSE:AVL) Reaches New 1-Year Low – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVL)’s stock price hit a new 52-week low on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 446500 shares traded. The stock had previously closed at C$0.04.

Avalon Advanced Materials Trading Down 14.3 %

The business has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.04. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The firm has a market capitalization 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.