Aclara Resources (TSE:ARA) Shares Up 3% – Here’s What Happened

Aclara Resources Inc. (TSE:ARA)’s stock price traded up 3% during trading on Thursday . The stock traded as high as C$4.10 and last traded at C$3.77. 209,129 shares were traded during trading, an increase of 40% from the average daily volume of 149,458 shares. The stock had previously closed at C$3.66.

Aclara Resources Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 8.25 and a quick ratio of 32.12. The firm has a market capitalization of C$935.13 million, a P/E ratio of -94.25 and a beta of 0.66. The stock’s 50 day moving average is C$3.72 and its two-hundred day moving average is C$3.90.

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

Aclara Resources Company Profile

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.