Avalon Advanced Materials (TSE:AVL) Trading 37.5% Higher – Time to Buy?

Avalon Advanced Materials Inc. (TSE:AVL)’s share price traded 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 were traded 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 Trading Up 37.5%

The company’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.03. 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 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.