Avalon Advanced Materials (OTCMKTS:AVLNF) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Avalon Advanced Materials Inc. (OTCMKTS:AVLNFGet Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.03 and traded as low as $0.03. Avalon Advanced Materials shares last traded at $0.03, with a volume of 313,305 shares traded.

Avalon Advanced Materials Price Performance

The company’s 50-day simple moving average is $0.03 and its two-hundred day simple moving average is $0.04. The firm has a market capitalization of $15.80 million, a P/E ratio of 2.65 and a beta of 1.42.

Avalon Advanced Materials Company Profile

(Get Free Report)

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.

Further Reading

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