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

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) saw a large decline in short interest in the month of 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 945,819 shares, the short-interest ratio is currently 0.1 days.

Avalon Rare Metals Stock Down 2.0%

Shares of OTCMKTS AVLNF opened at $0.04 on Tuesday. The business’s 50 day moving average is $0.05 and its two-hundred day moving average is $0.05. The company has a market cap of $33.08 million, a P/E ratio of -3.96 and a beta of 0.39. Avalon Rare Metals has a 12 month low of $0.02 and a 12 month high of $0.14.

Analysts Set New Price Targets

Separately, Zacks Research raised Avalon Rare Metals to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently 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.