Avalon (AVL) gives back all of yesterday's moonshot after the rare earth miner files to raise...

|About: Avalon Rare Metals Inc. (AVL)|By:, SA News Editor

Avalon (AVL) gives back all of yesterday's moonshot after the rare earth miner files to raise about $45M in a secondary offering. As opposed to just insiders looking to cash out, the proceeds are to be used for business purposes. Shares -6% premarket.