Aclara Resources (OTCMKTS:ARAAF) Shares Up 0.8% – Still a Buy?

Shares of Aclara Resources Inc. (OTCMKTS:ARAAFGet Free Report) traded up 0.8% on Wednesday . The company traded as high as $2.64 and last traded at $2.61. 30,343 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 117,720 shares. The stock had previously closed at $2.59.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised Aclara Resources from a “sector perform” rating to an “outperform” rating in a research report on Sunday, April 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Read Our Latest Research Report on Aclara Resources

Aclara Resources Trading Up 4.9%

The stock’s fifty day simple moving average is $2.85 and its 200 day simple moving average is $2.79.

About Aclara Resources

(Get Free Report)

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. The company holds 100% interests in the Carina Module mining rights comprises 8,490 hectares of mining rights located in the State of Goiás in central Brazil.

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