Short Interest in Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) Rises By 86.6%

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 837,100 shares, a growth of 86.6% from the March 31st total of 448,600 shares. Based on an average daily trading volume, of 247,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.1% of the company’s stock are sold short.

Avalon Advanced Materials Trading Down 0.4 %

Shares of OTCMKTS:AVLNF opened at $0.02 on Wednesday. The company has a fifty day simple moving average of $0.02 and a 200 day simple moving average of $0.03. Avalon Advanced Materials has a 12-month low of $0.01 and a 12-month high of $0.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83.

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.