Avalon Advanced Materials (TSE:AVL) Hits New 1-Year Low – Here’s What Happened

Avalon Advanced Materials Inc. (TSE:AVL)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 215500 shares changing hands. The stock had previously closed at C$0.04.

Avalon Advanced Materials Trading Down 12.5 %

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 company has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The company has a market capitalization of C$19.78 million, a PE ratio of -7.00 and a beta of 1.86.

Avalon Advanced Materials Company Profile

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.