Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) shares were up 46.7% during mid-day trading on Friday . The company traded as high as C$0.12 and last traded at C$0.11. Approximately 5,148,969 shares were traded during trading, an increase of 842% from the average daily volume of 546,401 shares. The stock had previously closed at C$0.08.
Avalon Advanced Materials Trading Up 80.0%
The firm has a market capitalization of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The business has a 50-day moving average price of C$0.04 and a 200-day moving average price of 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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