Avalon Advanced Materials (TSE:AVL) Trading 41.7% Higher – Time to Buy?

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

Key Stories Impacting Avalon Advanced Materials

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 Stock Performance

The company has a current ratio of 1.66, a quick ratio of 2.13 and a debt-to-equity ratio of 5.71. 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. The firm’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.05.

Avalon Advanced Materials (TSE:AVLGet Free Report) last posted its earnings results on Friday, November 28th. The company reported C$0.01 earnings per share for the quarter. Avalon Advanced Materials had a negative net margin of 48.93% and a negative return on equity of 0.04%. Analysts forecast that Avalon Advanced Materials Inc. will post -0.04 EPS for the current fiscal year.

Avalon Advanced Materials Company Profile

(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.

Further Reading

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