Aclara Resources (TSE:ARA) Trading Up 3% – Here’s What Happened

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. 209,129 shares changed hands during trading, an increase of 40% from the average session volume of 149,458 shares. The stock had previously closed at C$3.66.

Aclara Resources Stock Performance

The company has a quick ratio of 32.12, a current ratio of 8.25 and a debt-to-equity ratio of 0.38. The stock has a market cap of C$935.13 million, a price-to-earnings ratio of -94.25 and a beta of 0.66. The stock’s fifty day moving average is C$3.72 and its 200-day moving average is C$3.90.

Aclara Resources (TSE:ARA) last announced its quarterly earnings results 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.