Aclara Resources (TSE:ARA) Trading Up 15.4% – Here’s Why

Aclara Resources Inc. (TSE:ARA)’s share price traded up 15.4% on Monday . The company traded as high as C$3.29 and last traded at C$3.29. 213,736 shares were traded during mid-day trading, an increase of 10% from the average session volume of 194,079 shares. The stock had previously closed at C$2.85.

Aclara Resources Stock Performance

The stock has a market capitalization of C$800.50 million, a price-to-earnings ratio of -90.00 and a beta of 0.49. The company has a quick ratio of 32.13, a current ratio of 7.00 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is C$3.41 and its 200 day simple moving average is C$2.87.

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.