Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) Sees Significant Growth in Short Interest

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 59,600 shares, a growth of 146.3% from the March 31st total of 24,200 shares. Based on an average daily volume of 297,500 shares, the short-interest ratio is currently 0.2 days.

Avalon Advanced Materials Price Performance

Avalon Advanced Materials stock remained flat at $0.06 during midday trading on Friday. 74,147 shares of the company were exchanged, compared to its average volume of 116,314. The firm has a fifty day moving average of $0.06 and a two-hundred day moving average of $0.07. Avalon Advanced Materials has a 1 year low of $0.05 and a 1 year high of $0.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $32.76 million, a price-to-earnings ratio of 5.81 and a beta of 0.74.

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.