Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares rose 50% on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 6,827,663 shares changed hands during mid-day trading, an increase of 1,163% from the average daily volume of 540,403 shares. The stock had previously closed at C$0.05.
Avalon Advanced Materials Stock Up 50.0%
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 cap of C$48.26 million, a price-to-earnings ratio of -7.50 and a beta of 0.70. The firm’s 50-day simple moving average is C$0.04 and its two-hundred day simple 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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