Aclara Resources Inc. (TSE:ARA – Get Free Report) Director Roberto De Andraca Adriasola purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were purchased at an average cost of C$2.40 per share, for a total transaction of C$24,000.00. Following the transaction, the director directly owned 35,000 shares in the company, valued at approximately C$84,000. This represents a 40.00% increase in their position.
Aclara Resources Stock Down 2.4%
TSE:ARA traded down C$0.08 during mid-day trading on Tuesday, reaching C$3.26. The company’s stock had a trading volume of 80,038 shares, compared to its average volume of 144,041. Aclara Resources Inc. has a 1 year low of C$2.01 and a 1 year high of C$5.40. The stock has a fifty day moving average of C$3.70 and a 200-day moving average of C$3.95. The firm has a market capitalization of C$808.62 million, a PE ratio of -81.50 and a beta of 0.76. The company has a quick ratio of 32.12, a current ratio of 8.25 and a debt-to-equity ratio of 0.38.
Aclara Resources (TSE:ARA – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C($0.01) EPS for the quarter.
About Aclara Resources
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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