Avalon Advanced Materials (TSE:AVL) Shares Up 9.1% – What’s Next?

Shares of Avalon Advanced Materials Inc. (TSE:AVL) rose 9.1% during trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 3,899,127 shares changed hands during trading, an increase of 152% from the average daily volume of 1,547,061 shares. The stock had previously closed at C$0.06.

Avalon Advanced Materials Price Performance

The stock has a fifty day moving average of C$0.06 and a 200-day moving average of C$0.05. The firm has a market capitalization of C$54.25 million, a P/E ratio of -7.22 and a beta of 1.07. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71.

Avalon Advanced Materials (TSE:AVL) last posted its quarterly earnings data on Friday, November 28th. The company reported C$0.01 earnings per share for the quarter. Avalon Advanced Materials had a negative net margin of 48.93% and a negative return on equity of 0.04%. Equities analysts predict that Avalon Advanced Materials Inc. will post -0.04 EPS for the current fiscal year.

Avalon Advanced Materials Company Profile

Avalon Advanced Materials Inc is a Canadian critical minerals company advancing the supply of materials essential for Canadas future. The Company is focused on developing strategic assets that support secure, domestic supply chains and long-term economic growth. Avalon is focused on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc, Ontarios first midstream lithium hydroxide processing facility, located in Thunder Bay. This facility will serve as a vital link between northern Ontarios lithium resources and the growing EV battery manufacturing base in southern Ontario and North America.