Avalon Advanced Materials (TSE:AVL) Shares Up 50% – What’s Next?

Avalon Advanced Materials Inc. (TSE:AVL) traded up 50% during mid-day trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. 960,590 shares traded hands during mid-day trading, an increase of 204% from the average session volume of 316,377 shares. The stock had previously closed at C$0.02.

Avalon Advanced Materials Stock Performance

The stock has a market capitalization of C$16.95 million, a PE ratio of -7.00 and a beta of 1.86. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71. The stock has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.03.

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.