Avalon Advanced Materials (TSE:AVL) Stock Price Up 18.2% – What’s Next?

Shares of Avalon Advanced Materials Inc. (TSE:AVL) shot up 18.2% during trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. 3,946,127 shares traded hands during trading, an increase of 154% from the average session volume of 1,556,394 shares. The stock had previously closed at C$0.06.

Avalon Advanced Materials Stock Up 9.1%

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 stock has a market cap of C$50.08 million, a PE ratio of -6.67 and a beta of 1.07. The firm has a fifty day moving average of C$0.06 and a 200 day moving average of C$0.05.

Avalon Advanced Materials (TSE:AVL) last released its quarterly earnings data on Friday, November 28th. The company reported C$0.01 earnings per share (EPS) for the quarter. Avalon Advanced Materials had a negative return on equity of 0.04% and a negative net margin of 48.93%. On average, equities research analysts anticipate that Avalon Advanced Materials Inc. will post -0.04 EPS for the current fiscal year.

Avalon Advanced Materials Company Profile

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.