Avalon Rare Metals (OTCMKTS:AVLNF) Issues Earnings Results

Avalon Rare Metals (OTCMKTS:AVLNF) announced its quarterly earnings data on Friday. The company reported ($0.65) earnings per share (EPS) for the quarter, Zacks reports. Avalon Rare Metals had a negative net margin of 11,117.69% and a negative return on equity of 4.47%.

Avalon Rare Metals Stock Performance

AVLNF opened at $0.03 on Friday. The stock has a market capitalization of $26.24 million, a PE ratio of -3.14 and a beta of 0.44. The company’s 50 day simple moving average is $0.04 and its 200 day simple moving average is $0.05. Avalon Rare Metals has a 1 year low of $0.02 and a 1 year high of $0.14.

Analyst Ratings Changes

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

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.