Avalon Rare Metals Inc. (OTCMKTS:AVLNF – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 50,210 shares, a decrease of 41.4% from the May 14th total of 85,718 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 945,819 shares, the days-to-cover ratio is currently 0.1 days.
Avalon Rare Metals Price Performance
Avalon Rare Metals stock opened at $0.04 on Monday. The stock has a market cap of $33.74 million, a P/E ratio of -4.04 and a beta of 0.39. Avalon Rare Metals has a twelve month low of $0.02 and a twelve month high of $0.14. The company’s 50-day moving average price is $0.05 and its two-hundred day moving average price is $0.05.
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.
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