Insider Buying: Aclara Resources (TSE:ARA) Director Buys C$24,000.00 in Stock

Aclara Resources Inc. (TSE:ARA) Director Roberto De Andraca Adriasola bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was purchased at an average cost of C$2.40 per share, with a total value of C$24,000.00. Following the purchase, the director directly owned 35,000 shares in the company, valued at C$84,000. The trade was a 40.00% increase in their position.

Aclara Resources Price Performance

TSE:ARA opened at C$2.98 on Friday. Aclara Resources Inc. has a 12-month low of C$2.01 and a 12-month high of C$5.40. The firm has a market cap of C$739.17 million, a price-to-earnings ratio of -74.50 and a beta of 0.76. The company’s 50-day moving average is C$3.67 and its two-hundred day moving average is C$3.94. The company has a current ratio of 8.25, a quick ratio of 32.12 and a debt-to-equity ratio of 0.38.

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