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

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

Avalon Advanced Materials Stock Up 2.7 %

OTCMKTS AVLNF traded up $0.00 during midday trading on Friday, hitting $0.06. 28,047 shares of the company traded hands, compared to its average volume of 98,543. The company has a market cap of $32.76 million, a PE ratio of 5.66 and a beta of 0.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.49 and a quick ratio of 0.49. The company’s 50-day simple moving average is $0.06 and its 200-day simple moving average is $0.07. Avalon Advanced Materials has a 52 week low of $0.05 and a 52 week high of $0.13.

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.