Avalon Advanced Materials (TSE:AVL) Sets New 1-Year Low – What’s Next?

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 109920 shares changing hands. The stock had previously closed at C$0.04.

Avalon Advanced Materials Stock Performance

The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.05. The company has a market cap of C$22.60 million, a PE ratio of -7.00 and a beta of 1.86.

Avalon Advanced Materials Company Profile

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Avalon Advanced Materials Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of rare metal and mineral properties primarily in Canada. The company focuses on exploring lithium, tantalum, cesium, indium, gallium, germanium, tin, yttrium, and zirconium deposits, as well as rare earth elements.

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