Avalon Advanced Materials Inc. (TSE:AVL - Get Free Report) shares were down 28% on Thursday . The company 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 Stock Performance
The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The stock has a market capitalization of C$57.91 million, a P/E ratio of -9.00 and a beta of 0.70. The business has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.04.
About Avalon Advanced Materials
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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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