Avalon Rare Metals (OTCMKTS:AVLNF) Posts Quarterly Earnings Results

Avalon Rare Metals (OTCMKTS:AVLNF) announced its earnings results on Friday. The company reported ($0.65) EPS for the quarter, Zacks reports. Avalon Rare Metals had a negative net margin of 11,117.69% and a negative return on equity of 4.47%.

Avalon Rare Metals Price Performance

OTCMKTS AVLNF opened at $0.03 on Friday. The stock has a market capitalization of $26.24 million, a PE ratio of -3.14 and a beta of 0.44. Avalon Rare Metals has a 1 year low of $0.02 and a 1 year high of $0.14. The business’s 50-day moving average is $0.04 and its 200 day moving average is $0.05.

Analysts Set New Price Targets

Separately, Zacks Research raised Avalon Rare Metals to a “hold” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Avalon Rare Metals has an average rating of “Hold”.

About Avalon Rare Metals

Avalon Rare Metals (OTCMKTS:AVLNF) is a Canada-based mineral exploration and development company focused on the discovery and advancement of rare metals, with an emphasis on rare earth elements critical to high-tech and green energy applications. The company’s flagship project is the Nechalacho Rare Earth Elements Deposit, located approximately 100 kilometers southeast of Yellowknife in Canada’s Northwest Territories. This project is recognized for its high concentrations of key light rare earth elements such as neodymium and praseodymium, which are essential in the manufacture of permanent magnets, electric vehicles and wind turbines.

The company’s primary business activities encompass detailed exploration, resource definition drilling, metallurgical testing and environmental baseline studies.