Avalon Advanced Materials (TSE:AVL) Trading 80% Higher - Time to Buy?

Key Points

• Avalon Advanced Materials Inc. experienced a significant stock price increase of 80%, trading as high as C$0.15, with a volume surge of 3,215% compared to its average sessions.
• The company, which focuses on developing the Ontario lithium supply chain, has a current market capitalization of C$86.87 million and is advancing its Separation Rapids project.
• Avalon is planning to establish Ontario's first midstream lithium hydroxide processing facility to support the electric vehicle battery manufacturing industry.

Shares of Avalon Advanced Materials Inc. (TSE:AVL - ) traded up 80% during trading on Saturday . The company traded as high as C$0.15 and last traded at C$0.14. 21,446,340 shares changed hands 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 Trading Up 80.0%

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

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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