Aclara Resources (TSE:ARA) Trading 2.4% Higher – Still a Buy?

Aclara Resources Inc. (TSE:ARA) traded up 2.4% during mid-day trading on Tuesday . The stock traded as high as C$3.97 and last traded at C$3.81. 44,903 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 171,040 shares. The stock had previously closed at C$3.72.

Aclara Resources Stock Up 2.4%

The firm has a market cap of C$939.46 million, a price-to-earnings ratio of -95.25 and a beta of 0.68. The stock has a 50-day moving average of C$4.34 and a 200-day moving average of C$3.74. The company has a current ratio of 1.73, a quick ratio of 32.12 and a debt-to-equity ratio of 0.46.

Aclara Resources (TSE:ARA) last issued its earnings results on Thursday, May 7th. The company reported C($0.01) earnings per share 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.