Avalon Advanced Materials (TSE:AVL) Reaches New 52-Week Low – Here’s Why

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

Avalon Advanced Materials Price Performance

The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The stock has a market capitalization of C$22.60 million, a P/E ratio of -7.00 and a beta of 1.86. The firm has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.05.

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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