Avalon Advanced Materials (TSE:AVL) Trading 80% Higher - What's Next?

Key Points

• Avalon Advanced Materials Inc. saw its share price rise by 80% during trading, reaching a high of C$0.15, with a significant trading volume increase of 3,215% from its average daily volume.
• The company focuses on developing critical minerals, particularly lithium, and is constructing Ontario's first midstream lithium hydroxide processing facility to support the EV battery manufacturing chain.
• Avalon has a market capitalization of C$86.87 million and exhibits a debt-to-equity ratio of 5.71, indicating a high level of leverage.

Shares of Avalon Advanced Materials Inc. (TSE:AVL - ) rose 80% during trading 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 Price Performance

The company has a debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13. The stock's 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The firm has a market capitalization of C$86.87 million, a price-to-earnings ratio of -13.50 and a beta of 0.70.

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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