Aclara Resources (TSE:ARA) Shares Up 2.8% – What’s Next?

Aclara Resources Inc. (TSE:ARA) shares rose 2.8% on Monday . The company traded as high as C$4.50 and last traded at C$4.45. Approximately 136,881 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 180,804 shares. The stock had previously closed at C$4.33.

Aclara Resources Price Performance

The stock has a 50 day moving average of C$4.11 and a two-hundred day moving average of C$3.34. The stock has a market cap of C$1.08 billion, a PE ratio of -111.25 and a beta of 0.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 32.13 and a current ratio of 1.73.

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

Insiders Place Their Bets

In related news, Director Jorge Born purchased 166,800 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average price of C$3.39 per share, with a total value of C$565,452.00. Following the purchase, the director owned 329,241 shares of the company’s stock, valued at C$1,116,126.99. This trade represents a 102.68% increase in their position. 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.