Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) Sees Significant Increase in Short Interest

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 82,000 shares, a growth of 993.3% from the July 15th total of 7,500 shares. Based on an average daily trading volume, of 332,300 shares, the days-to-cover ratio is presently 0.2 days.

Avalon Advanced Materials Stock Performance

Shares of Avalon Advanced Materials stock opened at $0.04 on Tuesday. Avalon Advanced Materials has a 12 month low of $0.04 and a 12 month high of $0.11. The stock’s fifty day simple moving average is $0.05 and its 200 day simple moving average is $0.05. The company has a market capitalization of $22.60 million, a PE ratio of 4.00 and a beta of 1.56. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.03.

Avalon Advanced Materials Company Profile

Avalon Advanced Materials Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of rare metal and mineral properties primarily in Canada. The company focuses on exploring lithium, tantalum, cesium, indium, gallium, germanium, tin, yttrium, and zirconium deposits, as well as rare earth elements.