Avalon Advanced Materials (TSE:AVL) Trading Up 80% - Should You Buy?

Key Points

• Avalon Advanced Materials Inc. experienced a significant stock price increase of 80%, rising from C$0.08 to C$0.14 during mid-day trading.
• The company's shares saw an extraordinary trading volume of approximately 21.4 million, marking a 3,215% increase from its average daily volume.
• Avalon is focused on vertically integrating the Ontario lithium supply chain and is developing its Separation Rapids deposit while planning to construct Ontario's first lithium hydroxide processing facility.

Avalon Advanced Materials Inc. (TSE:AVL - )'s stock price was up 80% during mid-day trading on Friday . The company 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 market cap of C$86.87 million, a P/E ratio of -13.50 and a beta of 0.70. The business has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.