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

Key Points

• Avalon Advanced Materials Inc. saw a remarkable stock price increase of 80%, trading as high as C$0.15 after previously closing at C$0.08.
• Over 21 million shares were traded during this session, marking a significant 3,215% increase in trading volume compared to the average.
• The company is focused on developing critical minerals, specifically lithium, and aims to construct Ontario's first midstream lithium hydroxide processing facility.

Avalon Advanced Materials Inc. (TSE:AVL - ) shares shot up 80% on Saturday . The stock traded as high as C$0.15 and last traded at C$0.14. 21,446,340 shares were traded during mid-day trading, an increase of 3,215% from the average session volume of 646,979 shares. The stock had previously closed at C$0.08.

Avalon Advanced Materials Trading Up 80.0%

The company has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.04. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The stock has a market capitalization of C$86.87 million, a price-to-earnings ratio of -13.50 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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