Avalon Advanced Materials (TSE:AVL) Trading 25% Higher – Still a Buy?

Shares of Avalon Advanced Materials Inc. (TSE:AVL) shot up 25% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 3,772,299 shares traded hands during trading, an increase of 79% from the average session volume of 2,111,120 shares. The stock had previously closed at C$0.06.

Avalon Advanced Materials Stock 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 has a market cap of C$70.94 million, a P/E ratio of -9.44 and a beta of 1.07. The stock’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.05.

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

About Avalon Advanced Materials

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.