Aclara Resources (TSE:ARA – Get Free Report) released its quarterly earnings data on Thursday. The company reported C($0.04) earnings per share for the quarter, FiscalAI reports.
Aclara Resources Stock Down 15.3%
ARA stock traded down C$0.37 during mid-day trading on Thursday, hitting C$2.05. 567,025 shares of the company were exchanged, compared to its average volume of 145,497. The company has a debt-to-equity ratio of 0.38, a quick ratio of 32.12 and a current ratio of 8.25. The firm has a market cap of C$508.49 million, a P/E ratio of -51.25 and a beta of 0.58. The firm’s 50 day simple moving average is C$3.30 and its 200 day simple moving average is C$3.72. Aclara Resources has a 1-year low of C$2.01 and a 1-year high of C$5.40.
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.
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