Avalon Advanced Materials (TSE:AVL) Shares Up 80% - Should You Buy?

Key Points

• Avalon Advanced Materials' stock surged 80% on Friday, trading as high as C$0.15, with over 21 million shares exchanged, reflecting a significant increase in trading volume.
• The company is focused on developing a vertically integrated lithium supply chain in Ontario, including the construction of Ontario's first midstream lithium hydroxide processing facility.
• Avalon Advanced Materials has a debt-to-equity ratio of 5.71, indicating a high level of leverage compared to its equity, which may impact future financial stability.

Avalon Advanced Materials Inc. (TSE:AVL - ) rose 80% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 21,446,340 shares changed hands during trading, an increase of 3,215% from the average daily volume of 646,979 shares. The stock had previously closed at C$0.08.

Avalon Advanced Materials Stock Up 80.0%

The firm has a 50-day moving average of C$0.04 and a 200 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 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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