Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price shot up 16.7% during mid-day trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. 176,968 shares were traded during trading, a decline of 25% from the average session volume of 237,044 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Stock Performance
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 stock’s 50 day moving average is C$0.04 and its 200-day moving average is C$0.04. The company has a market cap of C$16.95 million, a PE ratio of -7.00 and a beta of 1.86.
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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