Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Sees Significant Decrease in Short Interest

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 85,718 shares, a decline of 53.1% from the April 30th total of 182,620 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,487,853 shares, the days-to-cover ratio is currently 0.1 days.

Avalon Rare Metals Price Performance

OTCMKTS:AVLNF opened at $0.05 on Friday. The firm has a 50-day moving average of $0.05 and a two-hundred day moving average of $0.05. The stock has a market cap of $39.42 million, a P/E ratio of -4.72 and a beta of 0.42. Avalon Rare Metals has a 1-year low of $0.02 and a 1-year high of $0.14.

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.