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

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 349,100 shares, a growth of 29.3% from the February 13th total of 270,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 446,300 shares, the short-interest ratio is presently 0.8 days.

Avalon Advanced Materials Price Performance

Shares of Avalon Advanced Materials stock opened at $0.02 on Wednesday. The stock’s fifty day moving average is $0.02 and its 200-day moving average is $0.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. Avalon Advanced Materials has a 12-month low of $0.02 and a 12-month high of $0.07.

About Avalon Advanced Materials

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.