Avalon Advanced Materials (OTCMKTS:AVLNF) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Avalon Advanced Materials Inc. (OTCMKTS:AVLNFGet Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.04 and traded as low as $0.03. Avalon Advanced Materials shares last traded at $0.03, with a volume of 567,238 shares changing hands.

Avalon Advanced Materials Stock Performance

The stock has a fifty day simple moving average of $0.04 and a two-hundred day simple moving average of $0.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $19.69 million, a price-to-earnings ratio of 3.49 and a beta of 1.49.

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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