Avalon Rare Metals (OTCMKTS:AVLNF) Posts Earnings Results, Misses Expectations By $0.72 EPS

Avalon Rare Metals (OTCMKTS:AVLNF) issued its quarterly earnings results on Monday. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.72), Zacks reports. The firm had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.03 million.

Avalon Rare Metals Stock Up 1.5%

Shares of Avalon Rare Metals stock traded up $0.06 on Wednesday, hitting $4.14. 1,161 shares of the company were exchanged, compared to its average volume of 3,522. The company has a 50-day moving average price of $5.40 and a 200 day moving average price of $7.41. The stock has a market capitalization of $19.23 million, a price-to-earnings ratio of -0.04 and a beta of 0.71. Avalon Rare Metals has a 1-year low of $3.25 and a 1-year high of $12.09.

About Avalon Rare Metals

Avalon Advanced Materials Inc, formerly known as Avalon Rare Metals Inc, is a Canadian mineral development company focused on critical minerals and materials used in clean energy, advanced technology and other industrial applications. The company’s activities center on the exploration, evaluation and advancement of mineral properties rather than the operation of large-scale producing mines.

Avalon’s principal asset is the Separation Rapids Lithium Project near Kenora, Ontario. The project is designed to support the potential production of lithium minerals and other specialty materials for applications including lithium-ion batteries, glass and ceramics.