Avalon Advanced Materials (TSE:AVL) Stock Price Up 33.3% – Time to Buy?
by Jessica Moore · The Cerbat GemAvalon Advanced Materials Inc. (TSE:AVL – Get Free Report)’s share price traded up 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 6,203,325 shares traded hands during trading, an increase of 187% from the average session volume of 2,162,370 shares. The stock had previously closed at C$0.06.
Avalon Advanced Materials Trading Up 33.3%
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 firm has a market capitalization of C$66.77 million, a P/E ratio of -8.89 and a beta of 1.07. The firm has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05.
Avalon Advanced Materials (TSE:AVL – Get Free Report) last posted its earnings results 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%. Equities research analysts forecast that Avalon Advanced Materials Inc. will post -0.04 earnings per share for the current 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.