Aclara Resources Inc. (OTCMKTS:ARAAF – Get Free Report) was up 4.2% during mid-day trading on Wednesday. The company traded as high as $2.60 and last traded at $2.60. 64,509 shares were traded during trading, a decline of 36% from the average session volume of 101,434 shares. The stock had previously closed at $2.4959.
Analysts Set New Price Targets
Separately, Jefferies Financial Group began coverage on shares of Aclara Resources in a research note on Wednesday, September 2nd. They issued a “hold” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on ARAAF
Aclara Resources Price Performance
About Aclara Resources
Aclara Resources Inc is a Canadian mineral development company focused on the exploration, extraction and processing of rare earth elements. The company is developing projects intended to supply rare earth materials used in permanent magnets, electric vehicles, wind turbines, electronics and other advanced technologies.
Aclara’s principal assets include the Penco Module in Chile’s Biobío Region and the Carina Module in Brazil. These projects contain ionic clay deposits that are prospective for rare earth elements, including dysprosium and terbium.
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