Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price dropped 7.7% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 4,963,755 shares changed hands during mid-day trading, an increase of 451% from the average daily volume of 901,134 shares. The stock had previously closed at C$0.07.
Avalon Advanced Materials Price Performance
The stock has a market capitalization of C$48.45 million, a price-to-earnings ratio of -6.00 and a beta of 0.74. The company’s 50-day simple moving average is C$0.06 and its 200-day simple moving average is C$0.04. The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13.
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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