Aclara Resources (TSE:ARA) Stock Price Up 2.5% – What’s Next?

Aclara Resources Inc. (TSE:ARA) shares were up 2.5% on Thursday . The company traded as high as C$4.18 and last traded at C$4.14. Approximately 128,528 shares traded hands during trading, a decline of 17% from the average daily volume of 153,984 shares. The stock had previously closed at C$4.04.

Aclara Resources Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 8.25 and a quick ratio of 32.12. The stock’s 50-day moving average price is C$3.86 and its 200-day moving average price is C$3.86. The company has a market cap of C$1.03 billion, a P/E ratio of -103.50 and a beta of 0.75.

Aclara Resources (TSE:ARA) last released its quarterly earnings results on Thursday, August 6th. The company reported C($0.01) EPS for the quarter.

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.