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

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 100 shares, a drop of 99.9% from the October 15th total of 190,100 shares. Based on an average daily volume of 346,600 shares, the short-interest ratio is currently 0.0 days.

Avalon Advanced Materials Stock Performance

Shares of Avalon Advanced Materials stock opened at $0.03 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50 day moving average price of $0.04 and a 200 day moving average price of $0.04. The company has a market capitalization of $17.37 million, a P/E ratio of 3.02 and a beta of 1.49. Avalon Advanced Materials has a 1 year low of $0.03 and a 1 year high of $0.09.

Avalon Advanced Materials Company Profile

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.