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

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 18,600 shares, a decline of 51.6% from the June 15th total of 38,400 shares. Based on an average trading volume of 287,300 shares, the days-to-cover ratio is presently 0.1 days.

Avalon Advanced Materials Stock Performance

Shares of OTCMKTS:AVLNF remained flat at $0.04 during trading on Friday. The company had a trading volume of 13,035 shares, compared to its average volume of 91,786. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.49 and a current ratio of 0.49. Avalon Advanced Materials has a fifty-two week low of $0.04 and a fifty-two week high of $0.13. The firm’s fifty day simple moving average is $0.05 and its 200-day simple moving average is $0.06.

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.