Avalon Advanced Materials (TSE:AVL) Shares Down 28% - What's Next?

Key Points

• Avalon Advanced Materials' stock price plummeted by 28% during mid-day trading, reaching a low of C$0.09, significantly increasing trading volume by 967% from average daily levels.
• The company, focused on the Ontario lithium supply chain, holds a market capitalization of C$57.91 million and has strategic plans to construct Ontario's first midstream lithium hydroxide processing facility.
• Avalon has a high debt-to-equity ratio of 5.71 and a negative PE ratio of -9.00, indicating significant financial risk and market challenges.

Avalon Advanced Materials Inc. (TSE:AVL - )'s stock price dropped 28% during mid-day trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 7,971,660 shares traded hands during mid-day trading, an increase of 967% from the average daily volume of 747,295 shares. The stock had previously closed at C$0.13.

Avalon Advanced Materials Price Performance

The firm has a market capitalization of C$57.91 million, a PE ratio of -9.00 and a beta of 0.70. 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 firm has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.04.

About Avalon Advanced Materials

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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