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

Key Points

• Avalon Advanced Materials Inc. shares surged by 80% during trading, reaching a price of C$0.14, significantly up from a previous close of C$0.08.
• The company, focused on the Ontario lithium supply chain, is developing its Separation Rapids deposit and plans to build Ontario's first midstream lithium hydroxide processing facility.
• Avalon's market capitalization stands at C$86.87 million with a notable P/E ratio of -13.50 and a high debt-to-equity ratio of 5.71.

Avalon Advanced Materials Inc. (TSE:AVL - ) shares traded 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 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 Stock Up 80.0%

The firm has a market capitalization of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70. The firm's 50-day moving average is C$0.04 and its 200 day moving average is C$0.03. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.

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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