Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price was up 16.7% during trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 176,968 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 237,044 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Price Performance
The company has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.04. 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 capitalization of C$16.95 million, a PE ratio of -7.00 and a beta of 1.86.
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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