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

Key Points

• Avalon Advanced Materials Inc.'s stock price surged by 80% to last trade at C$0.14 during mid-day trading with roughly 21.4 million shares exchanged, significantly exceeding its average daily volume.
• The company's market capitalization stands at C$86.87 million, with a debt-to-equity ratio of 5.71, highlighting a notably high level of debt relative to equity.
• Avalon is focused on developing the Ontario lithium supply chain, including plans for a midstream lithium hydroxide processing facility to support electric vehicle battery production.

Avalon Advanced Materials Inc. (TSE:AVL - )'s stock price rose 80% during mid-day trading on Saturday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 21,446,340 shares traded hands during mid-day 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 Performance

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. The firm has a fifty 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.

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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