Short Interest in Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) Declines By 33.9%

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 85,100 shares, a decrease of 33.9% from the November 15th total of 128,800 shares. Based on an average daily trading volume, of 650,100 shares, the short-interest ratio is currently 0.1 days.

Avalon Advanced Materials Stock Performance

Avalon Advanced Materials stock remained flat at $0.03 during mid-day trading on Friday. 100,075 shares of the company were exchanged, compared to its average volume of 145,827. Avalon Advanced Materials has a 52 week low of $0.03 and a 52 week high of $0.08. The firm’s 50-day moving average price is $0.03 and its 200 day moving average price is $0.04. The stock has a market capitalization of $19.09 million, a P/E ratio of 3.10 and a beta of 1.42.

Avalon Advanced Materials Company Profile

Avalon Advanced Materials Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of rare metal and mineral properties primarily in Canada. The company focuses on exploring lithium, tantalum, cesium, indium, gallium, germanium, tin, yttrium, and zirconium deposits, as well as rare earth elements.