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Avalon Advanced Materials shares surged 37.5% on Friday amid rising investor interest in its Ontario lithium project and processing facility.
Avalon Advanced Materials (TSE:AVL) shares jumped 37.5% on Friday, reaching C$0.06 amid a surge in trading volume to 6.2 million shares—over 1,170% above average.
The Canadian critical minerals company is advancing its Separation Rapids lithium deposit in Ontario and developing the province’s first midstream lithium hydroxide processing facility to support electric vehicle battery manufacturing.
Despite a negative P/E ratio and unprofitability, investor interest has grown, driven by the stock’s momentum and its strategic role in the lithium supply chain.
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Las acciones de Avalon Advanced Materials subieron un 37.5% el viernes en medio del creciente interés de los inversores en su proyecto de litio y su planta de procesamiento en Ontario.