Aclara Resources (TSE:ARA) Stock Price Down 1.4% – Time to Sell?

Aclara Resources Inc. (TSE:ARAGet Free Report) traded down 1.4% during trading on Monday . The company traded as low as C$2.69 and last traded at C$2.87. 297,292 shares traded hands during trading, an increase of 44% from the average session volume of 205,926 shares. The stock had previously closed at C$2.91.

Aclara Resources Trading Up 1.0%

The stock has a market capitalization of C$692.95 million, a P/E ratio of -78.75 and a beta of 0.49. The stock’s fifty day moving average price is C$3.32 and its two-hundred day moving average price is C$2.76. The company has a current ratio of 7.00, a quick ratio of 32.13 and a debt-to-equity ratio of 0.29.

About Aclara Resources

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Aclara Resources Inc is a development-stage rare earth mineral resources company with approximately 451585 hectares of mining concessions located in the Maule Nuble Biobio and Araucan a regions of Chile. It is focused on the development and on the future construction and operation of the Penco Module which aims to produce a rare earth concentrate through a processing plant that will be fed by clays from nearby deposits.

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