Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) was up 10% on Friday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 249,001 shares were traded during trading, a decline of 17% from the average daily volume of 298,527 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Stock Performance
The company has a fifty day moving average of C$0.03 and a two-hundred day moving average of C$0.04. The firm has a market capitalization of C$15.54 million, a price-to-earnings ratio of -7.00 and a beta of 1.86. The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66.
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.
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