Aclara Resources (TSE:ARA) Trading Up 2.5% – Here’s What Happened

Aclara Resources Inc. (TSE:ARA)’s stock price rose 2.5% during trading on Thursday . The company traded as high as C$4.18 and last traded at C$4.14. 128,528 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 153,984 shares. The stock had previously closed at C$4.04.

Aclara Resources Stock Down 5.6%

The company has a 50 day simple moving average of C$3.85 and a two-hundred day simple moving average of C$3.86. The company has a quick ratio of 32.12, a current ratio of 8.25 and a debt-to-equity ratio of 0.38. The company has a market capitalization of C$969.85 million, a P/E ratio of -97.75 and a beta of 0.75.

Aclara Resources (TSE:ARA) last posted its quarterly earnings data on Thursday, August 6th. The company reported C($0.01) earnings per share (EPS) for the quarter.

About Aclara Resources

Aclara Resources Inc (TSX: ARA), a Toronto Stock Exchange listed company, is focused on building a vertically integrated supply chain for rare earths alloys used in permanent magnets. This strategy is supported by Aclara’s development of rare earth mineral resources hosted in ionic clay deposits, which contain high concentrations of the scarce heavy rare earths, providing the Company with a long-term, reliable source of these critical materials. The Company’s rare earth mineral resource development projects include the Carina Project in the State of Goiás, Brazil as its flagship project and the Penco Module in the Biobío Region of Chile.