Lara Exploration (CVE:LRA) Trading 28% Higher – Should You Buy?

Shares of Lara Exploration Ltd. (CVE:LRAGet Free Report) traded up 28% during trading on Saturday . The stock traded as high as C$1.32 and last traded at C$1.28. 107,800 shares changed 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 firm has a market capitalization of C$63.28 million, a price-to-earnings ratio of -361.64 and a beta of 0.31. The stock has a 50 day moving average of C$1.50 and a 200 day moving average of C$1.35.

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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