Avalon Advanced Materials (TSE:AVL) Trading Down 7.7% – Time to Sell?

by · The Markets Daily

Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price traded down 7.7% during trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.06. 4,963,755 shares traded hands during mid-day 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 Stock Performance

The stock has a market cap of C$44.41 million, a P/E ratio of -5.50 and a beta of 0.74. The firm’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.04. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71.

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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