Avalon Advanced Materials (TSE:AVL) Shares Up 37.5% – What’s Next?

Avalon Advanced Materials Inc. (TSE:AVL) shares traded up 37.5% during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 6,201,707 shares traded hands during trading, an increase of 1,171% from the average session volume of 487,921 shares. The stock had previously closed at C$0.04.

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 company’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.03. The company has a market cap of C$35.39 million, a price-to-earnings ratio of -5.50 and a beta of 0.52.

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.