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

Key Points

• Avalon Advanced Materials Inc. shares surged by 80%, reaching a trading high of C$0.15 during mid-day trading, with a significant increase in trading volume.
• The company is focused on developing the Ontario lithium supply chain and constructing Ontario's first midstream lithium hydroxide processing facility.
• Avalon has a market capitalization of C$86.87 million and a P/E ratio of -13.50, indicating its current financial positioning amidst growth in the critical minerals sector.

Shares of Avalon Advanced Materials Inc. (TSE:AVL - ) shot up 80% during mid-day trading on Saturday . The stock traded as high as C$0.15 and last traded at C$0.14. 21,446,340 shares changed hands during mid-day trading, an increase of 3,215% from the average session volume of 646,979 shares. The stock had previously closed at C$0.08.

Avalon Advanced Materials Trading Up 80.0%

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

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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