Aclara Resources (TSE:ARA) Hits New 52-Week High – Time to Buy?

Aclara Resources Inc. (TSE:ARA)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$5.38 and last traded at C$5.35, with a volume of 106630 shares changing hands. The stock had previously closed at C$4.96.

Aclara Resources Stock Up 3.8%

The firm has a market cap of C$1.25 billion, a PE ratio of -128.75 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.60 and a quick ratio of 32.13. The business has a fifty day moving average price of C$3.63 and a two-hundred day moving average price of C$3.16.

Aclara Resources (TSE:ARA) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Insider Transactions at Aclara Resources

In other Aclara Resources news, Director Jorge Born acquired 33,200 shares of Aclara Resources stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average cost of C$3.38 per share, with a total value of C$112,216.00. Following the purchase, the director owned 362,441 shares in the company, valued at approximately C$1,225,050.58. The trade was a 10.08% increase in their ownership of the stock. Corporate insiders own 96.93% of the company’s stock.

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.