Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Sees Large Drop in Short Interest

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 50,210 shares, a decline of 41.4% from the May 14th total of 85,718 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 945,819 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Avalon Rare Metals to a “hold” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Avalon Rare Metals has a consensus rating of “Hold”.

Avalon Rare Metals Price Performance

OTCMKTS:AVLNF opened at $0.04 on Wednesday. The firm has a 50-day moving average of $0.05 and a 200-day moving average of $0.05. The company has a market cap of $31.74 million, a PE ratio of -3.80 and a beta of 0.39. Avalon Rare Metals has a one year low of $0.02 and a one 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.