Aclara Resources (OTC:ARAAF) Shares Up 2.5% – Should You Buy?

Shares of Aclara Resources Inc. (OTC:ARAAF) were up 2.5% on Monday . The stock traded as high as $2.27 and last traded at $2.06. Approximately 219,381 shares traded hands during trading, an increase of 244% from the average daily volume of 63,717 shares. The stock had previously closed at $2.01.

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Aclara Resources in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Aclara Resources Stock Performance

The company has a 50 day moving average of $1.28 and a 200-day moving average of $0.85.

Aclara Resources Company Profile

Aclara Resources Inc, a mining company, engages in the exploration and development of rare-earth mineral resources in Chile. It has interests in the Penco Module property covering an area of 253,285 ha of mining rights comprising 28 exploitation concessions and 866 exploration concessions located in the Maule, Ñuble, Biobío, and Araucanía regions of Chile.