Avalon Advanced Materials (TSE:AVL) Shares Up 25% – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVL)’s share price shot up 25% on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. 815,590 shares traded hands during mid-day trading, an increase of 158% from the average session volume of 315,613 shares. The stock had previously closed at C$0.02.

Avalon Advanced Materials Trading Up 50.0%

The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The firm has a market capitalization of C$16.95 million, a PE ratio of -7.00 and a beta of 1.86. The firm’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03.

Avalon Advanced Materials Company Profile

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.