Avalon Advanced Materials (TSE:AVL) Releases Earnings Results

Avalon Advanced Materials (TSE:AVL) released its earnings results on Monday. The company reported C($0.37) earnings per share (EPS) for the quarter, FiscalAI reports. Avalon Advanced Materials had a negative return on equity of 0.04% and a negative net margin of 48.93%. The company had revenue of C$0.04 million for the quarter.

Avalon Advanced Materials Stock Up 1.5%

Shares of Avalon Advanced Materials stock traded up C$0.08 on Monday, reaching C$5.50. 9,405 shares of the company were exchanged, compared to its average volume of 15,540. Avalon Advanced Materials has a one year low of C$4.52 and a one year high of C$16.20. The company has a market capitalization of C$25.53 million, a price-to-earnings ratio of -1.02 and a beta of 1.14. 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 company has a 50-day moving average of C$7.47 and a 200 day moving average of C$10.03.

About Avalon Advanced Materials

Avalon Advanced Materials Inc is a Canadian critical minerals company focused on advancing lithium and rare earth elements-two of the fastest-growing segments of the global energy transition. The Company is developing strategic assets to participate in high-growth markets and support the build-out of secure North American supply chains. Avalon is advancing the Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories, which contains all light and heavy rare earth elements, as well as zirconium, tantalum, and niobium-critical minerals used in advanced technologies across the communications, defense, advanced technologies, and energy sectors.