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Avalon Rare Metals posts 2nd-quarter loss of $687,000

TORONTO – TORONTO (AP) _ Avalon Rare Metals Inc. (AVLNF) on Thursday reported a loss of $687,000 in its fiscal second quarter.

The Toronto-based company said it had a loss of 1 cent per share.

The rare earth metals mining company posted revenue of $6,000 in the period.

In the final minutes of trading on Thursday, the company’s shares hit 24 cents. A year ago, they were trading at 28 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVLNF at http://www.zacks.com/ap/AVLNF

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Keywords: Avalon Rare Metals, Earnings Report