Avalon Advanced Materials (TSE:AVL) Reaches New 12-Month Low – Should You Sell?

Shares of Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 119700 shares. The stock had previously closed at C$0.04.

Avalon Advanced Materials Price Performance

The firm has a market capitalization of C$22.60 million, a P/E 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 company’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.06.

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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