Avalon Advanced Materials (TSE:AVL) Shares Up 41.7% – Should You Buy?

Avalon Advanced Materials Inc. (TSE:AVLGet Free Report) shares shot up 41.7% on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. 10,374,396 shares changed hands during mid-day trading, an increase of 173% from the average session volume of 3,804,145 shares. The stock had previously closed at C$0.06.

Avalon Advanced Materials News Summary

Here are the key news stories impacting Avalon Advanced Materials this week:

  • Neutral Sentiment: Please paste the article text or provide URLs (one or more). I will then produce a concise investor-focused summary that explains whether each item is likely to move AVL’s share price and why.

Avalon Advanced Materials Trading Up 41.7%

The company has a debt-to-equity ratio of 5.71, a quick ratio of 2.13 and a current ratio of 1.66. The company’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.05. The stock has a market capitalization of C$70.94 million, a price-to-earnings ratio of -9.44 and a beta of 1.07.

Avalon Advanced Materials (TSE:AVLGet Free Report) last posted 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 net margin of 48.93% and a negative return on equity of 0.04%. On average, research analysts forecast that Avalon Advanced Materials Inc. will post -0.04 EPS for the current fiscal year.

About Avalon Advanced Materials

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Avalon Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avalon Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.