Aclara Resources (TSE:ARA) Trading Down 6.1% – Time to Sell?

Aclara Resources Inc. (TSE:ARA) dropped 6.1% during trading on Monday . The company traded as low as C$4.32 and last traded at C$4.33. Approximately 75,230 shares changed hands during trading, a decline of 58% from the average daily volume of 178,276 shares. The stock had previously closed at C$4.61.

Aclara Resources Price Performance

The firm has a market cap of C$1.07 billion, a PE ratio of -108.25 and a beta of 0.75. The firm’s fifty day simple moving average is C$4.43 and its two-hundred day simple moving average is C$3.55. 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 announced its quarterly earnings data on Thursday, May 7th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In other Aclara Resources news, Director Jorge Born purchased 166,800 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was acquired at an average price of C$3.39 per share, for a total transaction of C$565,452.00. Following the purchase, the director owned 329,241 shares of the company’s stock, valued at approximately C$1,116,126.99. This represents a 102.68% increase in their position. 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.