Avalon Advanced Materials (TSE:AVL) Trading Up 80% - Time to Buy?

Key Points

• Avalon Advanced Materials' stock surged by 80% during trading, reaching a high of C$0.15 after closing at C$0.08.
• The trading volume increased significantly, with approximately 21.4 million shares changing hands, up 3,215% from the average daily volume.
• Avalon is focused on developing Ontario's lithium supply chain, including plans for a midstream lithium hydroxide processing facility to support EV battery manufacturing.

Avalon Advanced Materials Inc. (TSE:AVL - )'s stock price was up 80% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 21,446,340 shares changed hands 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 firm 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 debt-to-equity ratio of 5.71, a current ratio of 1.66 and a quick ratio of 2.13. The company has a market capitalization of C$86.87 million, a PE ratio of -13.50 and a beta of 0.70.

Avalon Advanced Materials Company Profile

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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