Avalon Advanced Materials (TSE:AVL) Trading 80% Higher - Should You Buy?

Key Points

• Avalon Advanced Materials Inc. saw its stock rise by 80% during mid-day trading on Saturday, reaching a price of C$0.15, following a significant increase in trading volume.
• The company has a debt-to-equity ratio of 5.71 and is focused on developing Ontario's lithium supply chain, including plans for a lithium hydroxide processing facility.
• Avalon's current market cap stands at C$86.87 million with a P/E ratio of -13.50, indicating negative earnings relative to its stock price.

Avalon Advanced Materials Inc. (TSE:AVL - ) traded up 80% during mid-day trading on Saturday . The company traded as high as C$0.15 and last traded at C$0.14. 21,446,340 shares were traded during 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 Performance

The stock has a market cap of C$86.87 million, a price-to-earnings ratio of -13.50 and a beta of 0.70. The stock's fifty day moving average is C$0.04 and its 200-day moving average is C$0.04. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71.

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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