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

Key Points

• Avalon Advanced Materials saw its stock price surge by 80%, reaching as high as C$0.15 during trading on Saturday, significantly up from its previous close of C$0.08.
• Approximately 21.4 million shares were traded, marking an increase of 3,215% compared to its average daily volume.
• The company is focused on vertically integrating the Ontario lithium supply chain and is developing a midstream lithium hydroxide processing facility to support EV battery manufacturing.

Avalon Advanced Materials Inc. (TSE:AVL - )'s stock price rose 80% during mid-day trading on Saturday . The company traded as high as C$0.15 and last traded at C$0.14. Approximately 21,446,340 shares were traded during mid-day 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 Stock Up 80.0%

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