Aclara Resources (OTC:ARAAF) Stock Price Down 0.7% – Should You Sell?

Aclara Resources Inc. (OTC:ARAAF) traded down 0.7% on Monday . The company traded as low as $2.9290 and last traded at $2.93. 331,046 shares were traded during mid-day trading, an increase of 47% from the average session volume of 224,703 shares. The stock had previously closed at $2.95.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Aclara Resources in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Aclara Resources presently has an average rating of “Hold”.

Aclara Resources Trading Down 0.7%

The business has a fifty day moving average of $1.90 and a 200-day moving average of $1.68.

Aclara Resources Company Profile

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.