Avalon Advanced Materials (TSE:AVL) Hits New 12-Month Low – Should You Sell?

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 271595 shares. The stock had previously closed at C$0.04.

Avalon Advanced Materials Stock Down 14.3 %

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 firm has a market cap of C$16.95 million, a PE ratio of -7.00 and a beta of 1.86. The business’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05.

Avalon Advanced Materials Company Profile

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Avalon Advanced Materials Inc is a Canadian critical minerals development company focused on vertically integrating the Ontario lithium supply chain. The company is currently developing its Separation Rapids deposit near Kenora, ON. while continuing to advance other projects in its portfolio. In additional to extraction activities, Avalon is executing on its key strategic objective of constructing Ontario’s first midstream lithium hydroxide processing facility to bridge upstream lithium production and downstream EV battery manufacturing.

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