Aclara Resources (TSE:ARA) Director Jorge Born Acquires 166,800 Shares

Aclara Resources Inc. (TSE:ARA) Director Jorge Born bought 166,800 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average cost of C$3.39 per share, for a total transaction of C$565,452.00. Following the completion of the transaction, the director owned 329,241 shares of the company’s stock, valued at approximately C$1,116,126.99. The trade was a 102.68% increase in their position.

Jorge Born also recently made the following trade(s):

• On Thursday, April 2nd, Jorge Born bought 33,200 shares of Aclara Resources stock. The shares were acquired at an average cost of C$3.38 per share, for a total transaction of C$112,216.00.

Aclara Resources Stock Up 0.9%

Shares of TSE ARA opened at C$3.32 on Tuesday. Aclara Resources Inc. has a 1 year low of C$0.50 and a 1 year high of C$4.65. The firm has a market cap of C$738.24 million, a price-to-earnings ratio of -83.00 and a beta of 0.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 32.13 and a current ratio of 2.60. The stock’s 50-day simple moving average is C$3.34 and its 200-day simple moving average is C$2.97.

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.