Avalon Advanced Materials (TSE:AVL) Stock Price Up 6.7% – Should You Buy?

Avalon Advanced Materials Inc. (TSE:AVL)’s share price shot up 6.7% during mid-day trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. 2,701,624 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 2,698,174 shares. The stock had previously closed at C$0.08.

Avalon Advanced Materials Stock Performance

The firm has a market cap of C$66.77 million, a P/E ratio of -8.89 and a beta of 1.07. The business’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.05. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71.

Avalon Advanced Materials (TSE:AVL) last issued its earnings results on Friday, November 28th. The company reported C$0.01 EPS for the quarter. Avalon Advanced Materials had a negative return on equity of 0.04% and a negative net margin of 48.93%. As a group, analysts expect that Avalon Advanced Materials Inc. will post -0.04 earnings per share 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.