Avalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price was up 10% during trading on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 249,001 shares traded hands during mid-day 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 Price Performance
The stock has a 50-day simple moving average of C$0.03 and a 200-day simple moving average of C$0.04. The firm has a market capitalization of C$14.13 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.
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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