Aclara Resources (TSE:ARA) Stock: Insider Roberto De Andraca Adriasola Buys 10,000 Shares

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

Aclara Resources Stock Down 9.5%

Shares of TSE:ARA opened at C$2.95 on Thursday. The company has a quick ratio of 32.12, a current ratio of 8.25 and a debt-to-equity ratio of 0.38. Aclara Resources Inc. has a 52-week low of C$2.01 and a 52-week high of C$5.40. The stock’s fifty day simple moving average is C$3.68 and its 200-day simple moving average is C$3.94. The company has a market capitalization of C$731.73 million, a P/E ratio of -73.75 and a beta of 0.76.

Aclara Resources (TSE:ARA) last posted its quarterly earnings data 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.