Avalon Advanced Materials (TSE:AVL) Shares Up 37.5% – Here’s What Happened

Avalon Advanced Materials Inc. (TSE:AVL) 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 Trading Up 37.5%

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 market capitalization of C$35.39 million, a P/E ratio of -5.50 and a beta of 0.52. The company has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.03.

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.