Short Interest in Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Decreases By 71.3%

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,368 shares, a decline of 71.3% from the July 30th total of 4,770 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,826 shares, the days-to-cover ratio is presently 0.4 days.

Avalon Rare Metals Stock Up 0.3%

Shares of OTCMKTS:AVLNF opened at $7.00 on Thursday. The company’s fifty day moving average is $6.55 and its two-hundred day moving average is $8.09. The company has a market cap of $32.48 million, a P/E ratio of -0.06 and a beta of 0.50. Avalon Rare Metals has a 12-month low of $3.25 and a 12-month high of $25.20.

Avalon Rare Metals (OTCMKTS:AVLNF) last issued its quarterly earnings results on Friday, July 10th. The company reported ($117.00) earnings per share for the quarter. The business had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.05 million. Avalon Rare Metals had a negative net margin of 9,575.14% and a negative return on equity of 7.08%. Equities research analysts anticipate that Avalon Rare Metals will post -3.76 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Avalon Rare Metals Company Profile

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.