Avalon Advanced Materials (TSE:AVL) Trading Up 73.3% - What's Next?

Key Points

• Avalon Advanced Materials Inc. experienced a share price increase of 73.3%, trading as high as C$0.15 and last at C$0.13 during recent trading sessions.
• The company's trading volume surged to approximately 20.2 million shares, marking a 3,073% increase from its average daily volume.
• Avalon is focused on developing Ontario's lithium supply chain, including plans for Ontario's first midstream lithium hydroxide processing facility in addition to its extraction activities.

Avalon Advanced Materials Inc. (TSE:AVL - )'s share price was up 73.3% during mid-day trading on Friday . The company traded as high as C$0.15 and last traded at C$0.13. Approximately 20,208,577 shares changed hands during trading, an increase of 3,073% from the average daily volume of 636,923 shares. The stock had previously closed at C$0.08.

Avalon Advanced Materials Price Performance

The stock has a market capitalization of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70. The business has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.

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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