Lara Exploration (CVE:LRA) Reaches New 12-Month High – Still a Buy?

Lara Exploration Ltd. (CVE:LRA)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.54 and last traded at C$3.53, with a volume of 24548 shares traded. The stock had previously closed at C$3.39.

Lara Exploration Stock Up 4.1%

The firm has a market capitalization of C$178.41 million, a PE ratio of -58.83 and a beta of -0.46. The business’s fifty day moving average price is C$3.09 and its 200 day moving average price is C$2.67.

Lara Exploration Company Profile

Lara Exploration Ltd., through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, silver, iron, phosphate, titanium, vanadium, tin, lead, and zinc deposits. It holds interest in the Planalto copper project located in the Carajás Mineral Province of northern Brazil. The company also holds interest in the Tocantins gold project in Central Brazil; and the Celesta copper mine and the Fofoca South gold project in Brazil.