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

Aclara Resources Inc. (TSE:ARA) shares rose 2.8% on Monday . The stock traded as high as C$4.50 and last traded at C$4.45. Approximately 136,881 shares traded hands 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 Stock Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 32.13. The firm has a fifty day simple moving average of C$4.11 and a 200 day simple moving average of C$3.34. The company has a market cap of C$1.08 billion, a price-to-earnings ratio of -111.25 and a beta of 0.60.

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

Insider Buying and Selling

In related news, Director Jorge Born purchased 166,800 shares of the stock in a transaction on Wednesday, April 1st. The shares were bought at an average price of C$3.39 per share, for a total transaction of C$565,452.00. Following the completion of the acquisition, the director directly owned 329,241 shares in the company, valued at approximately C$1,116,126.99. This trade represents a 102.68% increase in their position. 96.93% of the stock is currently owned by company insiders.

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.