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

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

Avalon Rare Metals Stock Up 1.5%

AVLNF traded up $0.06 during trading on Wednesday, reaching $4.14. 1,161 shares of the company were exchanged, compared to its average volume of 3,522. The company’s 50-day moving average is $5.40 and its two-hundred day moving average is $7.41. The company has a market cap of $19.23 million, a price-to-earnings ratio of -0.04 and a beta of 0.71. Avalon Rare Metals has a 12-month low of $3.25 and a 12-month 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.