Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s stock price was up 50% during trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 6,827,663 shares changed hands during 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 80.0%
The firm has a market cap of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The firm has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.04.
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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