Aclara Resources (TSE:ARA) Trading Up 2.4% – Should You Buy?

Aclara Resources Inc. (TSE:ARA)’s share price was up 2.4% during mid-day trading on Tuesday . The company traded as high as C$3.97 and last traded at C$3.81. Approximately 44,903 shares changed hands during trading, a decline of 74% from the average daily volume of 171,040 shares. The stock had previously closed at C$3.72.

Aclara Resources Price Performance

The company has a current ratio of 1.73, a quick ratio of 32.12 and a debt-to-equity ratio of 0.46. The firm has a market cap of C$895.07 million, a price-to-earnings ratio of -90.75 and a beta of 0.68. The stock has a 50-day moving average of C$4.32 and a two-hundred day moving average of C$3.75.

Aclara Resources (TSE:ARA) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) earnings per share (EPS) 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.