Aclara Resources (TSE:ARA) Trading Up 15.4% – What’s Next?

Shares of Aclara Resources Inc. (TSE:ARA) were up 15.4% on Monday . The company traded as high as C$3.29 and last traded at C$3.29. Approximately 213,736 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 194,079 shares. The stock had previously closed at C$2.85.

Aclara Resources Trading Up 18.6%

The company has a quick ratio of 32.13, a current ratio of 7.00 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is C$3.40 and its two-hundred day moving average is C$2.84. The firm has a market cap of C$743.55 million, a P/E ratio of -84.50 and a beta of 0.49.

Aclara Resources Company Profile

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.