Aclara Resources (TSE:ARA) Trading Up 15.4% – What’s Next?

Aclara Resources Inc. (TSE:ARA) shares traded up 15.4% on Monday . The stock traded as high as C$3.29 and last traded at C$3.29. 213,736 shares changed hands during trading, an increase of 10% from the average session volume of 194,079 shares. The stock had previously closed at C$2.85.

Aclara Resources Trading Up 18.6%

The company has a debt-to-equity ratio of 0.29, a current ratio of 7.00 and a quick ratio of 32.13. The stock’s 50-day moving average is C$3.40 and its two-hundred day moving average is C$2.84. The company has a market cap of C$743.55 million, a P/E ratio of -84.50 and a beta of 0.49.

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.