Avalon Advanced Materials (TSE:AVL) Hits New 52-Week Low – Here’s What Happened

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 604266 shares trading hands. The stock had previously closed at C$0.04.

Avalon Advanced Materials Price Performance

The company has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.05. 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 market capitalization of C$22.60 million, a P/E 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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