Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Short Interest Up 175.1% in June

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 138,106 shares, an increase of 175.1% from the May 31st total of 50,210 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 872,666 shares, the days-to-cover ratio is currently 0.2 days.

Avalon Rare Metals Stock Performance

OTCMKTS AVLNF opened at $0.04 on Monday. The firm’s fifty day moving average price is $0.04 and its two-hundred day moving average price is $0.05. The stock has a market cap of $30.08 million, a PE ratio of -3.60 and a beta of 0.39. Avalon Rare Metals has a fifty-two week low of $0.02 and a fifty-two week high of $0.14.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of 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, According to MarketBeat.com, Avalon Rare Metals has a consensus rating of “Hold”.

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.