Feasibility Study Delays Cause Avalon Shares to Drop

Reuters reported that Avalon Rare Metals’ (TSX:AVL) share prices fell after the company announced a delay to its Nechalacho feasibility study.

As quoted in the market news:

The delay will push back initial production at the rare earth mine to late 2016, the company said, sending the stock skidding more than 26 percent to C$1.58 on the Toronto Stock Exchange on Tuesday, its lowest point since July 2009.

Click here to read the full Reuters report.