Avalon Advanced Materials (TSE:AVL) Reaches New 12-Month High – Still a Buy?

Shares of Avalon Advanced Materials Inc. (TSE:AVL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$15.45 and last traded at C$13.00, with a volume of 147957 shares. The stock had previously closed at C$5.91.

Avalon Advanced Materials Price Performance

The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13. The firm has a 50-day simple moving average of C$7.48 and a 200 day simple moving average of C$10.47. The firm has a market cap of C$55.70 million, a PE ratio of -2.23 and a beta of 0.64.

Avalon Advanced Materials (TSE:AVL) last posted its quarterly earnings data on Friday, July 10th. The company reported C($159.84) EPS for the quarter. Avalon Advanced Materials had a negative return on equity of 0.04% and a negative net margin of 48.93%.The business had revenue of C$0.07 million for the quarter. As a group, equities analysts expect that Avalon Advanced Materials Inc. will post -0.04 EPS for the current 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.