Avalon Advanced Materials (TSE:AVL) Trading Down 16.7% – Should You Sell?

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) shares were down 16.7% on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. 1,061,944 shares traded hands during trading, an increase of 251% from the average session volume of 302,650 shares. The stock had previously closed at C$0.03.

Avalon Advanced Materials Price Performance

The firm has a market cap of C$16.95 million, a PE ratio of -7.00 and a beta of 1.86. 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 business’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.05.

Avalon Advanced Materials Company Profile

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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.

Further Reading

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