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

Key Points

• Avalon Advanced Materials Inc. saw a significant drop of 28% in its stock price during trading on Thursday, reaching a low of C$0.09, with trading volume surging by 967% compared to its daily average.
• The company has a challenging financial position, indicated by a PE ratio of -9.00 and a debt-to-equity ratio of 5.71, despite holding a market capitalization of approximately C$57.91 million.
• Avalon is focused on developing Ontario's lithium supply chain and is advancing its Separation Rapids deposit while planning to construct the province's first midstream lithium hydroxide processing facility.

Avalon Advanced Materials Inc. (TSE:AVL - ) dropped 28% during trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 7,971,660 shares were traded 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 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$0.05 and a 200-day moving average of C$0.04. The company has a market cap of C$57.91 million, a PE ratio of -9.00 and a beta of 0.70.

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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