Aclara Resources (TSE:ARA) Trading Up 2.5% – What’s Next?

Aclara Resources Inc. (TSE:ARA) shares traded up 2.5% during mid-day trading on Thursday . The stock traded as high as C$4.18 and last traded at C$4.14. Approximately 128,528 shares changed hands during 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 Up 2.5%

The company has a market cap of C$1.03 billion, a P/E ratio of -103.50 and a beta of 0.75. The stock has a 50-day moving average of C$3.86 and a 200 day moving average of C$3.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 8.25 and a quick ratio of 32.12.

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