Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shot up 80% during mid-day trading on Saturday . The company traded as high as C$0.15 and last traded at C$0.14. 21,446,340 shares were traded during trading, an increase of 3,215% from the average session volume of 646,979 shares. The stock had previously closed at C$0.08.
Avalon Advanced Materials Stock Performance
The company has a market cap of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70. The firm has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.04. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71.
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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