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

Key Points

• Avalon Advanced Materials Inc. experienced an 80% surge in stock price, reaching a last traded price of C$0.14 after previously closing at C$0.08.
• Trading volume increased significantly to approximately 21.4 million shares, a rise of 3,215% from its average daily volume.
• The company is focused on developing Ontario's lithium supply chain and aims to construct the province's first midstream lithium hydroxide processing facility.

Avalon Advanced Materials Inc. (TSE:AVL - )'s stock price rose 80% on Saturday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 21,446,340 shares were traded during 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 cap of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70. The stock has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.

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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