Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares traded down 7.7% during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.06. 4,963,755 shares were traded during trading, an increase of 451% from the average session volume of 901,134 shares. The stock had previously closed at C$0.07.
Avalon Advanced Materials Trading Down 7.7%
The business has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.04. The stock has a market cap of C$48.45 million, a PE ratio of -6.00 and a beta of 0.74. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.
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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