Aclara Resources (TSE:ARA) Shares Down 6.1% – Here’s What Happened

Aclara Resources Inc. (TSE:ARA) shares fell 6.1% on Monday . The company traded as low as C$4.32 and last traded at C$4.33. Approximately 75,230 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 178,276 shares. The stock had previously closed at C$4.61.

Aclara Resources Stock Down 4.5%

The stock’s 50-day moving average price is C$4.45 and its two-hundred day moving average price is C$3.56. The stock has a market capitalization of C$996.17 million, a P/E ratio of -101.00 and a beta of 0.75. The company has a current ratio of 1.73, a quick ratio of 32.12 and a debt-to-equity ratio of 0.46.

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

Insider Transactions at Aclara Resources

In other news, Director Jorge Born bought 33,200 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was acquired at an average cost of C$3.38 per share, with a total value of C$112,216.00. Following the completion of the transaction, the director directly owned 362,441 shares of the company’s stock, valued at C$1,225,050.58. This represents a 10.08% increase in their position. 96.93% of the stock is owned by corporate 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.