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

Avalon Advanced Materials Inc. (TSE:AVL) rose 37.5% during mid-day trading 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 mid-day 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 Stock Performance

The firm’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03. The firm has a market cap of C$35.39 million, a PE ratio of -5.50 and a beta of 0.70. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71.

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.