Aclara Resources (TSE:ARA) Releases Earnings Results

Aclara Resources (TSE:ARAGet Free Report) announced its quarterly earnings data on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

Aclara Resources Price Performance

Shares of ARA traded up C$0.22 during trading hours on Thursday, reaching C$3.83. 111,469 shares of the stock traded hands, compared to its average volume of 162,557. The company has a market cap of C$944.39 million, a P/E ratio of -95.75 and a beta of 0.75. The company has a current ratio of 1.73, a quick ratio of 32.12 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is C$4.01 and its two-hundred day moving average price is C$3.85. Aclara Resources has a 52-week low of C$1.37 and a 52-week high of C$5.40.

About Aclara Resources

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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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