Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price was up 37.5% on Saturday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 6,201,707 shares were traded during trading, an increase of 1,171% from the average daily volume of 487,947 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Price 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 market cap of C$35.39 million, a price-to-earnings ratio of -5.50 and a beta of 0.70. The company’s 50-day moving average is C$0.04 and its 200-day 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.
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