Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) was up 16.7% on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 131,233 shares changed hands during trading, a decline of 39% from the average daily volume of 214,685 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Price Performance
The company has a market capitalization of C$16.95 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. 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’s fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.05.
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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