Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price was up 73.3% during mid-day trading on Friday . The company traded as high as C$0.15 and last traded at C$0.13. Approximately 20,208,577 shares changed hands during trading, an increase of 3,073% from the average daily volume of 636,923 shares. The stock had previously closed at C$0.08.
Avalon Advanced Materials Stock Performance
The company has a market capitalization of C$86.87 million, a price-to-earnings ratio of -13.50 and a beta of 0.70. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The stock’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04.
Avalon Advanced Materials Company Profile
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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