Aclara Resources (TSE:ARA) Shares Up 3% – Here’s Why

Aclara Resources Inc. (TSE:ARA)’s share price traded up 3% on Thursday . The stock traded as high as C$4.10 and last traded at C$3.77. Approximately 209,129 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 149,458 shares. The stock had previously closed at C$3.66.

Aclara Resources Price Performance

The company has a 50 day simple moving average of C$3.72 and a 200-day simple moving average of C$3.90. The stock has a market cap of C$925.20 million, a price-to-earnings ratio of -93.25 and a beta of 0.66. 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 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.