Avalon Rare Metals (OTCMKTS:AVLNF) Issues Earnings Results

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

Avalon Rare Metals Stock Up 1.7%

Shares of AVLNF stock traded up $0.07 during trading hours on Wednesday, reaching $4.15. The company’s stock had a trading volume of 1,832 shares, compared to its average volume of 3,522. Avalon Rare Metals has a fifty-two week low of $3.25 and a fifty-two week high of $12.09. The firm’s 50 day simple moving average is $5.40 and its 200-day simple moving average is $7.41. The company has a market capitalization of $19.28 million, a price-to-earnings ratio of -0.04 and a beta of 0.71.

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.