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

Shares of Avalon Advanced Materials Inc. (TSE:AVL) shot up 37.5% on Saturday . The stock traded as high as C$0.06 and last traded at C$0.06. 6,201,707 shares traded hands during trading, an increase of 1,171% from the average session volume of 487,947 shares. The stock had previously closed at C$0.04.

Avalon Advanced Materials Stock Performance

The company has a market capitalization of C$35.39 million, a price-to-earnings ratio of -5.50 and a beta of 0.70. 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 fifty 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.