Lara Exploration (CVE:LRA) Trading Up 28% – Here’s Why

Lara Exploration Ltd. (CVE:LRAGet Free Report) traded up 28% during mid-day trading on Saturday . The company traded as high as C$1.32 and last traded at C$1.28. 107,800 shares traded hands during trading, an increase of 165% from the average session volume of 40,611 shares. The stock had previously closed at C$1.00.

Lara Exploration Stock Up 28.0 %

The company’s fifty day simple moving average is C$1.50 and its two-hundred day simple moving average is C$1.35. The company has a market capitalization of C$63.28 million, a price-to-earnings ratio of -361.64 and a beta of 0.31.

Lara Exploration Company Profile

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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.

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