Aclara Resources (TSE:ARA) Reaches New 1-Year High - Here's What Happened

Key Points

• New 52-week high: Shares of Aclara Resources reached C$5.22 on Tuesday, up about 17.8% from the prior close of C$4.43 on volume of 901,686 shares.
• Significant insider buying: Director Jorge Born bought 166,800 shares at C$3.39 (a 102.68% increase in his position), and corporate insiders collectively own 96.93% of the company.
• Business focus: Aclara is building a vertically integrated supply chain for rare-earth alloys used in permanent magnets, with flagship projects including the Carina Project in Goiás, Brazil and the Penco Module in Biobío, Chile.

Shares of Aclara Resources Inc. (TSE:ARA - ) hit a new 52-week high on Tuesday . The company traded as high as C$5.22 and last traded at C$5.22, with a volume of 901686 shares trading hands. The stock had previously closed at C$4.43.

Aclara Resources Stock Up 17.8%

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.60 and a quick ratio of 32.13. The firm has a market cap of C$1.27 billion, a PE ratio of -130.50 and a beta of 0.54. The business has a fifty day moving average price of C$3.44 and a two-hundred day moving average price of C$3.11.

Insider Buying and Selling at Aclara Resources

In other Aclara Resources news, Director Jorge Born purchased 166,800 shares of the stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average price of C$3.39 per share, for a total transaction of C$565,452.00. Following the completion of the acquisition, the director owned 329,241 shares of the company's stock, valued at C$1,116,126.99. This represents a 102.68% increase in their position. Corporate insiders own 96.93% of the company's stock.

Aclara Resources Company Profile

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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