Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) were up 50% on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 6,827,663 shares traded hands during mid-day trading, an increase of 1,163% from the average daily volume of 540,403 shares. The stock had previously closed at C$0.05.
Avalon Advanced Materials Stock Up 50.0%
The firm’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.03. The stock has a market cap of C$48.26 million, a price-to-earnings ratio of -7.50 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.
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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