Avalon Advanced Materials (TSE:AVL) Shares Down 9.1% – Here’s What Happened

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report)’s share price fell 9.1% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. 1,562,349 shares traded hands during trading, an increase of 65% from the average session volume of 945,079 shares. The stock had previously closed at C$0.06.

Avalon Advanced Materials Stock Down 9.1%

The company has a market capitalization of C$40.37 million, a PE ratio of -5.00 and a beta of 0.74. 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 business has a fifty day moving average of C$0.06 and a 200 day moving average of C$0.05.

Avalon Advanced Materials Company Profile

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Avalon Advanced Materials Inc is a Canadian critical minerals company advancing the supply of materials essential for Canadas future. The Company is focused on developing strategic assets that support secure, domestic supply chains and long-term economic growth. Avalon is focused on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc, Ontarios first midstream lithium hydroxide processing facility, located in Thunder Bay.

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