Avalon Advanced Materials (TSE:AVL) Shares Up 80% - Here's What Happened

Key Points

• Avalon Advanced Materials Inc. has seen its share price surge by 80%, reaching C$0.14, with a remarkable trading volume increase of 1,694% compared to its average session.
• The company is focusing on developing the Ontario lithium supply chain, particularly through its Separation Rapids deposit and aims to construct Ontario's first midstream lithium hydroxide processing facility.
• Avalon Advanced Materials has a debt-to-equity ratio of 5.71 and a current market cap of C$96.52 million.

Avalon Advanced Materials Inc. (TSE:AVL - )'s share price shot up 80% on Friday . The company traded as high as C$0.14 and last traded at C$0.14. 10,394,266 shares changed hands during trading, an increase of 1,694% from the average session volume of 579,294 shares. The stock had previously closed at C$0.08.

Avalon Advanced Materials Trading Up 100.0%

The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The stock's fifty day moving average is C$0.04 and its 200 day moving average is C$0.03. The stock has a market cap of C$96.52 million, a P/E ratio of -15.00 and a beta of 0.70.

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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