Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) rose 37.5% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 6,201,707 shares traded hands during trading, an increase of 1,171% from the average daily volume of 487,947 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Price Performance
The company’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.03. The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13. The stock has a market capitalization of C$35.39 million, a price-to-earnings ratio of -5.50 and a beta of 0.52.
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.
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