Avalon Advanced Materials (TSE:AVL) Stock Price Up 37.5% – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVL)’s stock price traded up 37.5% during trading 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 Up 37.5%

The firm’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. 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 stock has a market capitalization of C$35.39 million, a P/E ratio of -5.50 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.