Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares dropped 9.1% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 1,562,349 shares traded hands during mid-day trading, an increase of 65% from the average daily volume of 945,079 shares. The stock had previously closed at C$0.06.
Avalon Advanced Materials Stock Performance
The firm has a market capitalization of C$38.35 million, a P/E ratio of -4.75 and a beta of 0.74. The stock has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.05. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.
About Avalon Advanced Materials
Avalon Advanced Materials Inc is a Canadian critical minerals company advancing the supply of materials essential for Canadas future. The Company is focused on developing strategic assets that support secure, domestic supply chains and long-term economic growth. Avalon is focused on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc, Ontarios first midstream lithium hydroxide processing facility, located in Thunder Bay.
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