Avalon Advanced Materials (TSE:AVL) Trading Up 80% - Here's What Happened

Key Points

• Avalon Advanced Materials Inc. shares increased by 80% during mid-day trading, reaching a peak of C$0.15, significantly up from a previous close of C$0.08.
• The trading volume was exceptionally high, with approximately 21.4 million shares changing hands, representing a 3,215% increase from the average daily volume.
• Avalon is focused on developing critical minerals, particularly aiming to construct Ontario's first midstream lithium hydroxide processing facility to support the EV battery manufacturing sector.

Avalon Advanced Materials Inc. (TSE:AVL - ) shares were up 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 changed hands 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 Trading Up 80.0%

The company has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The stock has a market capitalization of C$86.87 million, a PE 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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