Key Points
- Director Roberto De Andraca Adriasola purchased 10,000 Aclara Resources shares at an average price of C$2.40, investing C$24,000 and increasing his holdings by 40% to 35,000 shares.
- Aclara Resources shares opened at C$3.26 and were reported down 2.4%, trading below their 50-day and 200-day moving averages of C$3.70 and C$3.95, respectively.
- The company is developing a vertically integrated rare-earths supply chain, with projects in Brazil and Chile; it most recently reported a quarterly loss of C$0.01 per share.
Aclara Resources Inc. (TSE:ARA - Get Free Report) Director Roberto De Andraca Adriasola purchased 10,000 shares of the firm's stock in a transaction dated Wednesday, October 7th. The stock was purchased at an average cost of C$2.40 per share, for a total transaction of C$24,000.00. Following the acquisition, the director owned 35,000 shares of the company's stock, valued at approximately C$84,000. This trade represents a 40.00% increase in their position.
Aclara Resources Trading Down 2.4%
Aclara Resources stock opened at C$3.26 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 32.12 and a current ratio of 8.25. Aclara Resources Inc. has a fifty-two week low of C$2.01 and a fifty-two week high of C$5.40. The stock has a market cap of C$808.62 million, a P/E ratio of -81.50 and a beta of 0.76. The firm's fifty day moving average price is C$3.70 and its 200-day moving average price is C$3.95.
Aclara Resources (TSE:ARA - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C($0.01) earnings per share (EPS) for the quarter.
Aclara Resources Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
