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

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

Avalon Rare Metals Stock Up 5.8%

AVLNF stock opened at $0.04 on Tuesday. Avalon Rare Metals has a twelve month low of $0.02 and a twelve month high of $0.14. The company has a market cap of $31.84 million, a PE ratio of -3.81 and a beta of 0.39. The business’s 50-day simple moving average is $0.04 and its 200 day simple moving average is $0.05.

Wall Street Analyst Weigh In

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