Avalon Rare Metals Inc. (OTCMKTS:AVLNF) Short Interest Down 53.1% in May

Avalon Rare Metals Inc. (OTCMKTS:AVLNF) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 85,718 shares, a decline of 53.1% from the April 30th total of 182,620 shares. Based on an average trading volume of 1,487,853 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Avalon Rare Metals Stock Up 1.3%

Shares of AVLNF stock opened at $0.05 on Tuesday. The stock has a market cap of $39.92 million, a PE ratio of -4.78 and a beta of 0.42. The business has a 50-day simple moving average of $0.05 and a 200-day simple moving average of $0.05. Avalon Rare Metals has a 52-week low of $0.02 and a 52-week high of $0.14.

Avalon Rare Metals Company Profile

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.