Avalon Advanced Materials (TSE:AVL) Shares Up 80% - Still a Buy?

Key Points

• Avalon Advanced Materials Inc.'s stock price surged by 80%, reaching a high of C$0.15 during trading, significantly up from C$0.08 prior to the increase.
• The company currently holds a market capitalization of C$86.87 million and is focused on vertically integrating the lithium supply chain in Ontario.
• Avalon is in the process of developing its Separation Rapids deposit and constructing Ontario's first midstream lithium hydroxide processing facility to support EV battery manufacturing.

Avalon Advanced Materials Inc. (TSE:AVL - )'s stock price shot up 80% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. 21,446,340 shares traded hands during 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 firm has a market capitalization of C$86.87 million, a PE ratio of -13.50 and a beta of 0.70. 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 firm has a fifty day moving average of C$0.04 and a 200 day moving average of C$0.04.

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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