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

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 21,542 shares, an increase of 256.2% from the August 31st total of 6,048 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,271 shares, the short-interest ratio is presently 5.0 days.

Avalon Rare Metals Stock Down 5.0%

AVLNF stock opened at $5.24 on Friday. Avalon Rare Metals has a twelve month low of $3.25 and a twelve month high of $25.20. The business has a 50 day moving average of $5.82 and a 200 day moving average of $7.49. The firm has a market cap of $24.33 million, a PE ratio of -0.04 and a beta of 0.66.

Avalon Rare Metals (OTCMKTS:AVLNF) last released its earnings results on Friday, July 10th. The company reported ($117.00) earnings per share for the quarter. Avalon Rare Metals had a negative return on equity of 7.08% and a negative net margin of 9,575.14%.The company had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.05 million. On average, research analysts expect that Avalon Rare Metals will post -3.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Avalon Rare Metals Company Profile

Avalon Rare Metals Inc, now known as Avalon Advanced Materials Inc, is a Canadian mineral development company focused on advancing critical minerals projects. The company is not primarily a mining producer; its activities center on exploration, project development, resource evaluation and efforts to establish domestic supply chains for minerals used in technology, energy and advanced manufacturing.

Avalon’s principal projects have included the Separation Rapids lithium project near Kenora, Ontario; the East Kemptville tin-indium-gallium project in Nova Scotia; and the Nechalacho rare earths project in the Northwest Territories.