Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) Sees Large Drop in Short Interest

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF – Get Rating) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 31,500 shares, a decline of 43.0% from the April 30th total of 55,300 shares. Based on an average daily trading volume, of 155,900 shares, the short-interest ratio is currently 0.2 days.

Avalon Advanced Materials Stock Performance

Shares of OTCMKTS:AVLNF remained flat at $0.08 during trading on Friday. 324,588 shares of the stock were exchanged, compared to its average volume of 137,078. The firm’s fifty day moving average is $0.09 and its two-hundred day moving average is $0.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.02 and a quick ratio of 3.02. Avalon Advanced Materials has a twelve month low of $0.08 and a twelve month high of $0.14.

About Avalon Advanced Materials

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Avalon Advanced Materials, Inc is a mineral development company, which engages in the acquisition, exploration, evaluation, and development of specialty metal and mineral properties. Its projects include East Kemptville Tin, Lilypad Cesium, Nechalacho Ree, Separation Rapids Lithium, and Warren Township Feldspar.