Lara Exploration (CVE:LRA) Shares Down 2.1% – Time to Sell?

Shares of Lara Exploration Ltd. (CVE:LRA) traded down 2.1% during mid-day trading on Thursday . The company traded as low as C$1.85 and last traded at C$1.90. 3,370 shares changed hands during trading, a decline of 91% from the average session volume of 39,632 shares. The stock had previously closed at C$1.94.

Lara Exploration Price Performance

The business has a fifty day moving average price of C$1.47 and a 200 day moving average price of C$1.48. The company has a market capitalization of C$93.93 million, a price-to-earnings ratio of -536.81 and a beta of 0.31.

Insiders Place Their Bets

In related news, Director Simon Henry Ingram acquired 26,600 shares of Lara Exploration stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of C$1.16 per share, with a total value of C$30,856.00. Also, Senior Officer Christopher Randall Macintyre purchased 120,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average cost of C$1.50 per share, with a total value of C$180,000.00. Over the last quarter, insiders have acquired 261,100 shares of company stock valued at $347,201. 13.21% of the stock is currently owned by corporate insiders.

About Lara Exploration

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.