Lara Exploration (CVE:LRA) Trading Down 14.5% – What’s Next?

Shares of Lara Exploration Ltd. (CVE:LRA) traded down 14.5% on Thursday . The stock traded as low as C$0.95 and last traded at C$1.00. 135,883 shares were traded during trading, an increase of 247% from the average session volume of 39,118 shares. The stock had previously closed at C$1.17.

Lara Exploration Stock Performance

The company has a 50 day moving average of C$1.50 and a two-hundred day moving average of C$1.35. The stock has a market capitalization of C$63.28 million, a PE ratio of -361.64 and a beta of 0.31.

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.