Aclara Resources (TSE:ARA) Releases Quarterly Earnings Results

Aclara Resources (TSE:ARA) announced its earnings results on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

Aclara Resources Stock Performance

TSE ARA opened at C$3.83 on Friday. The business’s 50-day moving average price is C$3.99 and its 200 day moving average price is C$3.85. The company has a current ratio of 1.73, a quick ratio of 32.12 and a debt-to-equity ratio of 0.46. Aclara Resources has a twelve month low of C$1.37 and a twelve month high of C$5.40. The company has a market capitalization of C$944.39 million, a PE ratio of -95.75 and a beta of 0.75.

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.