Aclara Resources (TSE:ARA) Releases Earnings Results

Aclara Resources (TSE:ARA) posted its quarterly earnings data on Thursday. The company reported C($0.04) earnings per share (EPS) for the quarter, FiscalAI reports.

Aclara Resources Trading Up 10.7%

Shares of TSE ARA traded up C$0.22 during trading on Friday, hitting C$2.27. 149,109 shares of the company were exchanged, compared to its average volume of 145,514. Aclara Resources has a 12-month low of C$2.01 and a 12-month high of C$5.40. The firm has a market capitalization of C$563.06 million, a PE ratio of -56.75 and a beta of 0.58. The company has a fifty day moving average price of C$3.22 and a 200-day moving average price of C$3.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 32.12 and a current ratio of 8.25.

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.