Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s stock price was up 80% on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 16,655,982 shares were traded during trading, an increase of 2,592% from the average daily volume of 618,674 shares. The stock had previously closed at C$0.08.
Avalon Advanced Materials Stock Performance
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 firm has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a market capitalization of C$86.87 million, a price-to-earnings ratio of -13.50 and a beta of 0.70.
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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