Avalon Rare Metals (OTCMKTS:AVLNF) Shares Cross Above 50-Day Moving Average – Here’s Why

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.04 and traded as high as $0.0570. Avalon Rare Metals shares last traded at $0.0543, with a volume of 1,138,776 shares trading hands.

Avalon Rare Metals Stock Up 0.7%

The firm’s fifty day moving average is $0.04 and its 200 day moving average is $0.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.41 and a current ratio of 0.41.

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.