Aclara Resources (TSE:ARA) Director Roberto De Andraca Adriasola Purchases 10,000 Shares of Stock

Aclara Resources Inc. (TSE:ARA) Director Roberto De Andraca Adriasola purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was bought at an average price of C$2.40 per share, for a total transaction of C$24,000.00. Following the purchase, the director owned 35,000 shares in the company, valued at approximately C$84,000. This represents a 40.00% increase in their ownership of the stock.

Aclara Resources Price Performance

Aclara Resources stock traded down C$0.08 during midday trading on Tuesday, reaching C$3.26. 80,038 shares of the stock traded hands, compared to its average volume of 144,041. The stock’s fifty day moving average is C$3.70 and its 200-day moving average is C$3.95. Aclara Resources Inc. has a 12 month low of C$2.01 and a 12 month high of C$5.40. The company has a quick ratio of 32.12, a current ratio of 8.25 and a debt-to-equity ratio of 0.38. The stock has a market cap of C$808.62 million, a P/E ratio of -81.50 and a beta of 0.76.

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