Avalon Advanced Materials (TSE:AVL) Sets New 1-Year Low – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) shares hit a new 52-week low on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 187188 shares changing hands. The stock had previously closed at C$0.03.

Avalon Advanced Materials Price Performance

The stock has a market capitalization 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 price is C$0.03 and its two-hundred day moving average price is C$0.04.

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.

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