Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s stock price shot up 37.5% during mid-day trading on Saturday . The company traded as high as C$0.06 and last traded at C$0.06. 6,201,707 shares changed 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 has a market cap of C$35.39 million, a price-to-earnings ratio of -5.50 and a beta of 0.70. The stock has a 50-day moving average of C$0.04 and a 200-day moving average of 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.
About Avalon Advanced Materials
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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