Short Interest in Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) Rises By 483.1%

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 41,400 shares, a growth of 483.1% from the August 31st total of 7,100 shares. Based on an average daily trading volume, of 225,000 shares, the short-interest ratio is currently 0.2 days.

Avalon Advanced Materials Price Performance

Shares of AVLNF remained flat at $0.04 during trading hours on Friday. The stock had a trading volume of 11,000 shares, compared to its average volume of 119,901. The business’s 50 day moving average is $0.04 and its two-hundred day moving average is $0.05. The company has a market capitalization of $21.13 million, a P/E ratio of 3.74 and a beta of 1.50. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.03. Avalon Advanced Materials has a 1-year low of $0.03 and a 1-year high of $0.10.

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.