Avalon Advanced Materials (TSE:AVL) Shares Down 16.7% – Time to Sell?

Avalon Advanced Materials Inc. (TSE:AVL) shares traded down 16.7% during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 1,061,944 shares were traded during trading, an increase of 251% from the average session volume of 302,650 shares. The stock had previously closed at C$0.03.

Avalon Advanced Materials Stock Performance

The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13. The stock has a market cap of C$16.95 million, a P/E ratio of -7.00 and a beta of 1.86. The firm’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.05.

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.