Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s stock price traded up 25% during trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. 5,003,903 shares traded hands during mid-day trading, an increase of 940% from the average session volume of 481,079 shares. The stock had previously closed at C$0.04.
Avalon Advanced Materials Stock Performance
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 company’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.03. The stock has a market capitalization of C$35.39 million, a PE ratio of -5.50 and a beta of 0.52.
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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