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

Key Points

• Avalon Advanced Materials' stock price surged by 80% to C$0.14 on Friday, with over 10 million shares traded, marking a 1,694% increase in trading volume compared to its average.
• The company's market capitalization is C$96.52 million, with a debt-to-equity ratio of 5.71 and a PE ratio of -15.00.
• Avalon is focused on developing Ontario's lithium supply chain, aiming to construct Ontario's first midstream lithium hydroxide processing facility to facilitate lithium processing for EV battery manufacturing.

Avalon Advanced Materials Inc. (TSE:AVL - )'s stock price rose 80% on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 21,389,340 shares were traded during trading, an increase of 3,221% from the average daily volume of 644,146 shares. The stock had previously closed at C$0.08.

Avalon Advanced Materials Price Performance

The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The firm has a market cap of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70. The company has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.03.

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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