Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) rose 46.7% during trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 7,791,717 shares were traded during mid-day trading, an increase of 1,267% from the average daily volume of 569,945 shares. The stock had previously closed at C$0.08.
Avalon Advanced Materials Trading Up 80.0%
The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13. The firm’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.04. The company has a market capitalization of C$86.87 million, a PE 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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