RE:So average down or wait out? It depends on your timeline and patience. If you can wait up to 5 years, then now is a great time to average down.
Let's be honest, Trevali is in no real danger of going out of business in the current climate. The other threat to the ticker is a buyout, but those are generally at a higher price than market.
I frequently post this quote in this bullboard, but Trevali is a classic example:
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett