Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares dropped 8.3% on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 105,000 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 299,285 shares. The stock had previously closed at C$0.03.
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 business’s 50 day moving average price is C$0.03 and its 200-day moving average price is C$0.04. The firm has a market cap of C$16.95 million, a price-to-earnings ratio of -7.00 and a beta of 1.86.
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.
Further Reading
- Five stocks we like better than Avalon Advanced Materials
- 3 Fintech Stocks With Good 2021 Prospects
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Avalon Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avalon Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.
