Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares rose 25% on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 5,003,903 shares were traded during trading, an increase of 940% from the average daily volume of 481,079 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Stock Up 37.5%
The firm has a market cap of C$35.39 million, a PE ratio of -5.50 and a beta of 0.52. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The company’s 50-day simple moving average is C$0.04 and its two-hundred 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.
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