Avalon Advanced Materials (TSE:AVL) Shares Pass Above 50 Day Moving Average – Should You Sell?

Shares of Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.05 and traded as high as C$0.06. Avalon Advanced Materials shares last traded at C$0.06, with a volume of 2,200 shares changing hands.

Avalon Advanced Materials Price Performance

The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The stock has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.06. The firm has a market capitalization of C$33.90 million, a PE ratio of -7.00 and a beta of 1.86.

About Avalon Advanced Materials

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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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