Aclara Resources (TSE:ARA) Trading Down 1.1% – Should You Sell?

Shares of Aclara Resources Inc. (TSE:ARA) dropped 1.1% on Wednesday . The stock traded as low as C$3.58 and last traded at C$3.61. Approximately 38,895 shares changed 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 Stock Performance

The company has a quick ratio of 32.12, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The firm has a market cap of C$981.38 million, a P/E ratio of -99.50 and a beta of 0.75. The business has a fifty day simple moving average of C$3.99 and a 200-day simple moving average of C$3.85.

Aclara Resources (TSE:ARA) last announced its earnings results on Thursday, August 6th. 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.