Lara Exploration (CVE:LRA) Stock Price Down 14.5% – Should You Sell?

Lara Exploration Ltd. (CVE:LRA)’s share price dropped 14.5% during trading on Thursday . The stock traded as low as C$0.95 and last traded at C$1.00. Approximately 135,883 shares changed hands during mid-day trading, an increase of 247% from the average daily volume of 39,118 shares. The stock had previously closed at C$1.17.

Lara Exploration Price Performance

The stock has a 50-day simple moving average of C$1.50 and a 200-day simple moving average of C$1.35. The stock has a market cap 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.