Aclara Resources (OTCMKTS:ARAAF) Shares Up 4.2% – Still a Buy?

Aclara Resources Inc. (OTCMKTS:ARAAF) shares rose 4.2% on Tuesday . The stock traded as high as $2.79 and last traded at $2.7520. 31,414 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 123,824 shares. The stock had previously closed at $2.6420.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded Aclara Resources from a “sector perform” rating to an “outperform” rating in a report on Sunday, April 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Aclara Resources currently has an average rating of “Buy”.

Aclara Resources Trading Down 4.5%

The stock’s 50-day simple moving average is $3.11 and its two-hundred day simple moving average is $2.72.

About Aclara Resources

Aclara Resources Inc, a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions of Chile. The company holds 100% interests in the Carina Module mining rights comprises 8,490 hectares of mining rights located in the State of Goiás in central Brazil.