Avalon Rare Metals (OTCMKTS:AVLNF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Avalon Rare Metals Inc. (OTCMKTS:AVLNF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.05 and traded as low as $0.0476. Avalon Rare Metals shares last traded at $0.0483, with a volume of 100,639 shares traded.

Avalon Rare Metals Stock Down 5.7%

The firm’s fifty day moving average price is $0.05 and its 200-day moving average price is $0.04.

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.