Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) traded up 10% during mid-day trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 249,001 shares were traded during trading, a decline of 17% from the average session volume of 298,527 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Stock Performance
The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The business has a 50-day moving average price of C$0.03 and a 200 day moving average price of C$0.04. The stock has a market capitalization of C$14.13 million, a P/E ratio of -7.00 and a beta of 1.86.
About Avalon Advanced Materials
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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