Aclara Resources (TSE:ARA) Announces Quarterly Earnings Results

Aclara Resources (TSE:ARA) issued its quarterly earnings results on Thursday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports.

Aclara Resources Trading Up 8.5%

Shares of ARA opened at C$4.96 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 32.13 and a current ratio of 2.60. Aclara Resources has a fifty-two week low of C$0.63 and a fifty-two week high of C$5.38. The stock has a fifty day moving average of C$3.63 and a two-hundred day moving average of C$3.16. The company has a market capitalization of C$1.20 billion, a PE ratio of -124.00 and a beta of 0.60.

Insider Activity

In other news, Director Jorge Born acquired 33,200 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was acquired at an average cost of C$3.38 per share, for a total transaction of C$112,216.00. Following the completion of the acquisition, the director owned 362,441 shares in the company, valued at approximately C$1,225,050.58. The trade was a 10.08% increase in their ownership of the stock. Corporate insiders own 96.93% of the company’s stock.

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.