Avalon Advanced Materials (TSE:AVL) Trading Down 11.1% – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report)’s stock price was down 11.1% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 176,185 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 202,848 shares. The stock had previously closed at C$0.05.

Avalon Advanced Materials Stock Performance

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 stock has a market cap of C$22.60 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The stock’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.06.

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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