Avalon Advanced Materials (TSE:AVL) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Avalon Advanced Materials Inc. (TSE:AVL)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.06 and traded as high as C$0.09. Avalon Advanced Materials shares last traded at C$0.08, with a volume of 2,684,182 shares trading hands.

Avalon Advanced Materials Stock Down 6.3%

The firm has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The stock has a market capitalization of C$62.62 million, a P/E ratio of -8.33 and a beta of 1.07. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71.

Avalon Advanced Materials (TSE:AVL) last posted its quarterly earnings results on Friday, November 28th. The company reported C$0.01 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 expect 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.