Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) Sees Large Increase in Short Interest

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 59,600 shares, an increase of 146.3% from the March 31st total of 24,200 shares. Based on an average daily volume of 297,500 shares, the days-to-cover ratio is currently 0.2 days.

Avalon Advanced Materials Price Performance

AVLNF opened at $0.06 on Friday. The business has a 50 day moving average price of $0.06 and a 200 day moving average price of $0.07. Avalon Advanced Materials has a twelve month low of $0.05 and a twelve month high of $0.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.49 and a current ratio of 0.49.

About Avalon Advanced Materials

Avalon Advanced Materials Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of rare metal and mineral properties primarily in Canada. The company focuses on exploring lithium, tantalum, cesium, indium, gallium, germanium, tin, yttrium, and zirconium deposits, as well as rare earth elements.