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

Key Points

• Avalon Advanced Materials' shares surged 80% during mid-day trading, reaching C$0.15 before settling at C$0.14, with trading volume up by 2,592% compared to the average.
• The company, which specializes in developing critical minerals, is focused on vertically integrating the Ontario lithium supply chain and constructing the province's first lithium hydroxide processing facility.
• Avalon has a market capitalization of C$86.87 million and a notable quick ratio of 2.13, indicating strong liquidity relative to its current liabilities.

Avalon Advanced Materials Inc. (TSE:AVL - ) shares rose 80% during mid-day trading on Friday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 16,655,982 shares were traded during trading, an increase of 2,592% from the average daily volume of 618,674 shares. The stock had previously closed at C$0.08.

Avalon Advanced Materials Stock Up 80.0%

The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The company has a market capitalization of C$86.87 million, a PE ratio of -13.50 and a beta of 0.70. The company's 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.03.

About Avalon Advanced Materials

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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