Shares of Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) traded up 16.7% on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. 131,233 shares changed hands during trading, a decline of 39% from the average session volume of 214,685 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Stock Performance
The business has a 50 day moving average of C$0.04 and a two-hundred day moving average of C$0.05. The firm has a market cap of C$16.95 million, a P/E ratio of -7.00 and a beta of 1.86. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71.
About Avalon Advanced Materials
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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