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Monday, June 23, 2014 4:22:54 PM
Motley Fool Canada
By Cameron Conway - June 23, 2014
Avalon Rare Metals
Rare earth miner Avalon Rare Metals (TSX: AVL)(NYSEMKT: AVL) hit a new 52-week low of $0.46 on June 20, a far cry from its 52-week high of $1.09. The company mines such elements such as zirconium, lithium, tantalum, calcium, tin, and indium throughout Canada. Its bread and butter is the europium, terbium, dysprosium, and neodymium it produces from its Nechalacho Rare Earth Elements Deposit located not far from Yellowknife, NWT.
The few analysts that monitor this company are quite optimistic about it and have placed an average target price of $2.50 on the stock with a “buy” rating, because you don’t have to understand what all these funny-sounding elements do to benefit from them.
http://www.fool.ca/2014/06/23/3-stocks-trading-at-52-week-lows-is-now-the-time-to-buy-5/
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