Avalon Rare Metals (OTCMKTS:AVLNF) Issues Quarterly Earnings Results

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

Avalon Rare Metals Stock Performance

OTCMKTS AVLNF opened at $0.03 on Friday. The firm has a market capitalization of $22.39 million, a PE ratio of -2.68 and a beta of 0.44. Avalon Rare Metals has a one year low of $0.02 and a one year high of $0.14. The company has a 50-day simple moving average of $0.04 and a 200-day simple moving average of $0.05.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Avalon Rare Metals to a “hold” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Avalon Rare Metals 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.