Avalon Advanced Materials (TSE:AVL) Trading Up 41.7% – Here’s Why

Avalon Advanced Materials Inc. (TSE:AVL)’s share price traded up 41.7% during mid-day trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. 10,374,396 shares were traded during mid-day trading, an increase of 173% from the average session volume of 3,804,145 shares. The stock had previously closed at C$0.06.

Key Headlines Impacting Avalon Advanced Materials

Here are the key news stories impacting Avalon Advanced Materials this week:

• Neutral Sentiment: Please paste the article text or provide URLs (one or more). I will then produce a concise investor-focused summary that explains whether each item is likely to move AVL’s share price and why.

Avalon Advanced Materials Price Performance

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 company has a 50 day moving average of C$0.06 and a two-hundred day moving average of C$0.05. The firm has a market cap of C$70.94 million, a P/E ratio of -9.44 and a beta of 1.07.

Avalon Advanced Materials (TSE:AVL) last released its earnings results on Friday, November 28th. The company reported C$0.01 EPS for the quarter. Avalon Advanced Materials had a negative net margin of 48.93% and a negative return on equity of 0.04%. Sell-side analysts expect that Avalon Advanced Materials Inc. will post -0.04 EPS for the current year.

About Avalon Advanced Materials

Avalon Advanced Materials Inc is a Canadian critical minerals company advancing the supply of materials essential for Canadas future. The Company is focused on developing strategic assets that support secure, domestic supply chains and long-term economic growth. Avalon is focused on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc, Ontarios first midstream lithium hydroxide processing facility, located in Thunder Bay. This facility will serve as a vital link between northern Ontarios lithium resources and the growing EV battery manufacturing base in southern Ontario and North America.