Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) rose 80% during mid-day trading on Saturday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 21,446,340 shares traded hands during trading, an increase of 3,215% from the average daily volume of 646,979 shares. The stock had previously closed at C$0.08.
Avalon Advanced Materials Trading Up 80.0%
The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The stock has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The firm has a market capitalization of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70.
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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