Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares shot up 37.5% on Saturday . The company traded as high as C$0.06 and last traded at C$0.06. 6,201,707 shares traded hands during mid-day 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 Price Performance
The stock 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 quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The business has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of 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.
See Also
- Five stocks we like better than Avalon Advanced Materials
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- 3 Defense Stocks Surging as Ukraine Tensions Deepen
- 3 Tickers Leading a Meme Stock Revival
- Starbucks Stock Slumps; This Competitor Shows Strength
- Stock Sentiment Analysis: How it Works
- The Trade Desk: 2 Signs of a Comeback, 1 Risk Ahead
Receive News & Ratings for Avalon Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avalon Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.
