Lara Exploration Ltd. (CVE:LRA – Get Free Report) rose 28% during mid-day trading on Saturday . The stock traded as high as C$1.32 and last traded at C$1.28. Approximately 107,800 shares changed hands during mid-day trading, an increase of 165% from the average daily volume of 40,611 shares. The stock had previously closed at C$1.00.
Lara Exploration Trading Up 28.0 %
The company’s 50-day simple moving average is C$1.50 and its 200-day simple moving average is C$1.35. The stock has a market capitalization of C$63.28 million, a price-to-earnings ratio of -361.64 and a beta of 0.31.
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.
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