Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report) traded up 16.7% on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 131,233 shares were traded during trading, a decline of 39% from the average session volume of 214,685 shares. The stock had previously closed at C$0.03.
Avalon Advanced Materials Price Performance
The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. The business has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05. The company has a market cap of C$16.95 million, a price-to-earnings ratio of -7.00 and a beta of 1.86.
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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