Avalon Advanced Materials (OTCMKTS:AVLNF) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Avalon Advanced Materials Inc. (OTCMKTS:AVLNFGet Free Report) crossed 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.

Avalon Advanced Materials Stock Up 3.8 %

The company’s fifty day simple moving average is $0.03 and its 200 day simple moving average is $0.04. The firm has a market capitalization of $16.40 million, a PE ratio of 2.75 and a beta of 1.42.

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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