Aclara Resources (TSE:ARA) Shares Down 1.1% – Here’s Why

Aclara Resources Inc. (TSE:ARA) was down 1.1% during trading on Wednesday . The company traded as low as C$3.58 and last traded at C$3.61. 38,895 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 162,899 shares. The stock had previously closed at C$3.65.

Aclara Resources Trading Down 1.1%

The business’s 50-day simple moving average is C$4.01 and its two-hundred day simple moving average is C$3.85. The firm has a market capitalization of C$890.14 million, a price-to-earnings ratio of -90.25 and a beta of 0.75. The company has a quick ratio of 32.12, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

Aclara Resources (TSE:ARA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) EPS for the quarter.

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.